Neverless is a technology company.
Neverless has raised $7.0M across 1 funding round.
Neverless has raised $7.0M in total across 1 funding round.
Neverless has raised $7.0M in total across 1 funding round.
Neverless's investors include Blockchain Founders Fund, Outrun Ventures, Specialist VC, Janis Krums.
Neverless is a London-based crypto investment platform founded in 2022 by former Revolut executives, offering commission-free trading of over 500 cryptocurrencies, automated passive yields on assets like BTC and ETH (up to 4.39% AER), 5x leverage, and hedge fund-style strategies such as market-neutral arbitrage and market making.[1][2][3][5][7] It serves retail investors seeking institutional-grade tools, solving pain points like high fees, complex DeFi access, and manual onboarding by providing one-click purchases, zero-fee trading via venue rebates, and seamless global KYC via partners like Sumsub.[1][4][5] With 50,000 users, over $1 billion in trading volume, and rapid growth from 3,000 users at 2023 launch to 20,000 by end-2024, Neverless has secured a $6.7 million pre-seed round and EU regulatory licenses including MiFID and VASP status.[1][2][6]
Neverless was founded in 2022 in London by ex-Revolut executives Phuc To (CEO and former global head of product), Arthur Johanet, and Mikael Peydayesh, who drew from their experience scaling Revolut into Europe's largest neo-bank handling 50 million customers and €38 billion in assets.[1][2][3][6][7] The idea emerged from frustrations with retail platforms that simplified entry but left users outmatched by institutions' superior tech and strategies; the founders aimed to "level the playing field" with advanced tools like automated yields and DeFi access.[3] Early traction came via word-of-mouth after a December 2023 app launch on iOS and Android, hitting 3,000 users quickly, followed by $6.7 million pre-seed funding, MiFID licensing, and expansion to 50,000 users with $1B+ volume by 2025.[1][2]
Neverless rides the crypto democratization wave, bridging retail and institutional investing amid maturing regulations and retail demand for yield in a post-ETF, high-interest era.[2][3] Timing aligns with EU MiFID/VASP frameworks enabling compliant scale, while market forces like DeFi growth, exchange rebates, and Bitcoin's institutional adoption favor its model—retail users gain hedge fund alpha without predictions or fees.[5][6][7] It influences the ecosystem by lowering barriers (e.g., free access to 500+ assets and leverage), pressuring incumbents to innovate, and fostering adoption via word-of-mouth growth and tools like leveraged DCA, potentially accelerating mainstream crypto wealth-building.[1][2]
Neverless is poised to capture more retail crypto market share with planned Sumsub integrations for transaction monitoring and business verification, enabling enterprise features and further automation.[1] Rising trends like AI-driven arbitrage, tokenized real-world assets, and regulatory clarity will amplify its edge, potentially pushing user base beyond 100,000 and volumes to multi-billions as it expands Strategies™ and leverage offerings.[2][5] Its influence may evolve from disruptor to category leader, empowering "more money for more people" by sustaining zero-fee innovation in a competitive field—watch for global licensing pushes and yield-beating products.[3][7]
Neverless has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in September 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2022 | $7.0M Seed | Blockchain Founders Fund, Outrun Ventures, Specialist VC, Janis Krums |