Draper Holm invests in DeFi bank Mavryk Finance

Draper Goren Holm has made Mavryk Finance its newest portfolio company. Draper Goren Holm has invested in the decentralized finance banking ecosystem Mavryk Finance that is purposely designed as a non-custodial, community governed financial platform that allows users to borrow, earn, and unlock the world from legacy financial systems.

“We’re thrilled to welcome Mavryk Finance into our family as Alex Davis and team have a level of understanding of the financial industry that few in the space possess. This understanding positions them well towards becoming the industry leader in the decentralized finance space not just within the Tezos ecosystem but beyond,” said Alon Goren, Founding Partner at Draper Goren Holm.

In commenting on the venture, Alex Davis, CEO of Tezos Dynamics, the primary contributor to the Mavryk Finance protocol, spoke on the importance of finding the right fit throughout the process. “When seeking funding in the Web3, decentralized finance space, finding a partner who not only excels at identifying highly successful startups but has unparalleled experience in the blockchain technology space was a top priority for our team,” said Alex. “Having the support of Draper Goren Holm, led by Tim, Alon, and Josef, will begin to pay dividends towards our success immediately.”

Mavryk is a decentralized, non-custodial, community-governed financial platform that gives users independent control of their finances. Mavryk enables its users to take a passive or active role in the operations of the DAO platform by either delegating their tokens or operating a “Satellite” node.