Hito is a technology company.
Hito has raised $1.0M across 1 funding round.
Hito has raised $1.0M in total across 1 funding round.
Hito has raised $1.0M in total across 1 funding round.
Hito's investors include Path Ventures, Vibe Capital, Sahil Lavingia, Sahin Boydas.
Hito is a fintech startup founded in 2019, specializing in secure digital asset storage through next-generation cryptocurrency hardware and software wallets.[1] The company offers a credit card-sized cold wallet with wireless connectivity, a 2-inch full-color multi-touch touchscreen, NFC technology, and support for over 600 digital assets including Bitcoin, ETH, and ERC20 tokens, targeting individual crypto users seeking enhanced security and user experience.[1] It integrates with popular wallets like MetaMask, Trust Wallet, and Gnosis Safe, while featuring a single System-on-a-Chip for efficiency and multiple wallet/PIN support to shield against electromagnetic readers.[1] Currently at the incubator/accelerator stage with backing from PolygonLEAP Accelerator, Hito positions itself as an "iPod for crypto" amid a shifting crypto market, though its Mosaic Score indicates recent financial or market challenges.[1]
Hito was founded in 2019 and is headquartered in Wilmington, Delaware, operating in the cryptocurrency hardware wallet space.[1] Specific founders are not detailed in available sources, but the company emerged during a period of crypto innovation, marketing a compact, user-friendly device as bear markets opened opportunities for secure storage solutions.[1] Early traction includes participation in the PolygonLEAP Accelerator, its latest funding round, signaling initial validation in the fintech ecosystem.[1] Headquartered at 919 North Market Street, Hito has remained alive at the incubator stage, focusing on hardware innovations like wireless connectivity and touchscreen interfaces to differentiate from traditional wallets.[1]
Hito rides the trend of mainstream crypto adoption and self-custody, where users demand secure, accessible hardware wallets amid rising digital asset values and security threats.[1] Timing aligns with post-bear market recovery, as compact, wireless devices lower barriers for non-technical users, potentially expanding the ecosystem beyond exchanges.[1] Favorable market forces include fintech growth (9,466 tracked companies) and hardware innovations addressing electromagnetic vulnerabilities, influencing broader adoption by integrating with DeFi tools like MetaMask.[1] As an incubator-stage player backed by Polygon, Hito contributes to decentralized finance infrastructure, pushing user-friendly cold storage that could normalize hardware wallets in everyday crypto management.[1]
Hito's trajectory hinges on crypto market rebound and hardware wallet demand, with potential to capture share through its sleek design and broad compatibility if it overcomes recent Mosaic Score declines signaling market or financial hurdles.[1] Upcoming trends like mass ETF approvals and Web3 mobile integration could accelerate growth, evolving Hito from niche innovator to key player in secure self-custody. Its influence may expand via partnerships, scaling from individual users to institutional tools, reinforcing its role in empowering secure digital asset storage.[1]
Hito has raised $1.0M across 1 funding round. Most recently, it raised $1.0M Seed in February 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2022 | $1.0M Seed | Path Ventures, Vibe Capital, Sahil Lavingia, Sahin Boydas |