Hatchfi Launches Out of Beta, Raising $1.2M Pre-Seed to Help Fintech Apps Bridge the Gap to Web 3
Builders can easily create user-friendly crypto-powered app experiences in an hour
Hatchfi, a crypto integration platform that allows users to seamlessly connect crypto accounts to any app like they would a bank account, today launches out of beta on the heels of a $1.2M pre-seed raise with 30+ clients in the Fintech space, including accounting & tax apps, investment platforms, crypto lending apps, financial tracking apps, and even crypto social apps. The round was led by Golden.com CEO Jude Gomilla, Delta Blockchain Fund, OrangeDAO, as well as other angel investors. The funds were used for development and early access launch.
While several integration platforms exist, most have specific focuses and are geared towards engineers building specifically for Web3, with incomplete integrations and data. Few actually make it possible for normal day-to-day financial applications to bridge into the world of Web3.
This is where Hatchfi stands out. Hatchfi focuses on end-user adoption by building a familiar onboarding experience, similar to linking a bank account through Plaid. Additionally, Hatchfi makes data human-readable and easily digestible to even novice builders and developers, empowering them to future-proof their apps within an hour, providing 270 complete integrations and growing.
“Delta is excited to be part of Hatchfi's journey to become the leading platform for accessing structured data using their easy-to-use API from various on-chain and centralized exchanges. Their unified solution to retrieve a wide range of data points, trade prices, and volume traded across wallets/platforms, along with providing the ability to the user to build their own services like taxes from data across wallets, fills one of the biggest gaps in the space,” says Kavita Gupta, Founding Managing Partner at DELTA GROWTH FUND L P & Fintech.TV.
Unlike other integration platforms, Hatchfi has no connection limitations, no sync credits, no degressive pricing, and zero storage of data limitations and offers accurate, complete integrations. This means developers can focus on building rich crypto-powered app experiences that paint a complete financial picture for their users without worrying about paywalls or overages.
- For exchanges, the minimum Hatchfi supports before any release is balances, trades, withdrawals, and deposits. When available via their API, Hatchfi expands after the fact to support other services like staking, margin trading, and more.
- Hatchfi leverages WalletConnect open source tool to allow users to connect and authenticate their wallet addresses from over 240+ wallets. Once a wallet is authenticated, Hatchfi can take their address and run it against the blockchains for balance and transaction data.
- When it comes to blockchain data, Hatchfi supports balances and general transactions which are to and from accounts and addresses. When the option is available, like for most EVMs, Hatchfi gets tokens and token transfers.
- Hatchfi also provides NFT data support for 4 major chains which are Ethereum, arbtirum, Polygon, and Optimism.
Hatchfi’s infrastructure is built with enterprise-grade security best practices and audit certifications, including, but not limited to: SOCII Type 1, multi-factor authentication, strong password, and password rotations, Key Management Systems, and more.
“We’re passionate about making it easy for people to build fintech tools for the greater good because when people have control over their finances, they have a brighter future,” says Carlos Feliciano, CEO, and Co-Founder of Hatchfi.
Hatchfi is gearing up to raise its seed round, which will be used to grow its engineering team so it can continue bringing the most complete integrations in the market and improve data quality and reliable infrastructure while focusing on the industry's best security protocols.
Hatchfi is a crypto integration platform that securely connects users' crypto accounts to any app like they would a bank account. Built by developers for developers, Hatchfi brings the highest quality human readable data with seamless integrations together, making it possible to create crypto-powered fintech apps in an afternoon instead of months. Hatchfi’s mission is to be the bridge between Web 2 and Web 3, unlocking the benefits of financial tooling for communities globally. Founded in 2022 by Carlos Feliciano and Casey Wilcox, Hatchfi is headquartered in San Francisco.
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