PennyWorks, a DeFi-based platform that tames the turbulence of investing with a safe and stable experience, has closed a $2 million pre-seed funding round led by Hi2 Global.
This round of financing will help bring the PennyWorks platform to market while funding platform development, marketing, and operations.
The funding round included additional participation from Zachary Harl, former Chief Investment Officer at Bank of America, Putra Manggala, former Staff Data Scientist at Shopify and Leo Mizuhara, Head of Systematic Trading; Fixed Income Options at DRW Holdings, LLC.
PennyWorks recently launched in April offering accredited investors the ability to invest in opportunities with up to 8% APY, 114x the national saving average of .06%.
