Argent Raises $40 Million Series B to Expand Smart Wallet and DeFi Super-App Platform

Argent, the London‑based developer of one of the most widely used smart wallets for cryptocurrencies and decentralized finance (DeFi), has built a strong funding history that has helped it expand its product capabilities and grow its user base toward its goal of becoming a comprehensive Web3 and DeFi “super‑app.” Founded in 2017, Argent stands out for its secure, user‑friendly Ethereum wallet that has attracted hundreds of thousands of users, and its funding rounds reflect sustained investor confidence in its long‑term vision.

Argent’s funding journey began with early seed investment that helped the company transition from concept to execution. In 2018, the startup closed a $4 million seed funding round, attracting key early backers including Index Ventures and Creandum, both well‑known venture capital firms with strong track records in fintech and technology sectors. Additional participation in that round came from firstminute Capital, Hummingbird Ventures, KR1, Proxy, and a number of angel investors. This inaugural capital enabled Argent to build its initial smart wallet product and establish a foothold in the competitive digital wallet space.

Following the seed round, Argent advanced its development with a $12 million Series A financing in March 2020, led by crypto‑focused investor Paradigm. Paradigm’s involvement marked a significant milestone for Argent, as the investor is known for backing high‑profile blockchain projects and was making its first European investment at the time. Other existing investors, including Index Ventures, Creandum, and firstminute Capital, also participated in the Series A, reinforcing their belief in Argent’s approach to simplifying and securing access to decentralized financial services. This financing round backed Argent’s efforts to improve onboarding to decentralized applications (DApps) and broaden its suite of wallet features.

Argent’s most substantial funding achievement to date came with a $40 million Series B round announced in 2022. This financing was co‑led by Fabric Ventures and Metaplanet, the latter an investment firm founded by Skype co‑founder Jaan Tallinn. The Series B round also saw participation from strategic investors Starkware, Jump Crypto, and Animoca Brands, alongside existing backers Paradigm, Index Ventures, and Creandum. The capital was earmarked to accelerate product development, bring more DeFi and Web3 features into Argent’s wallet, and support expansion into regions such as Latin America, where demand for crypto access and decentralized financial tools has surged.

Across these funding rounds, Argent has accumulated at least $56 million in disclosed investment, a figure that underscores its appeal to both specialist crypto investors and traditional venture capital firms looking to back foundational infrastructure in the decentralized finance ecosystem. Argent’s funding has underpinned major product developments—most notably the launch of its smart wallet that removes traditional crypto complexities like seed phrases and high fees, and the rollout of Layer 2 support via solutions like zkSync and StarkNet to reduce transaction costs and environmental impact.

Investor enthusiasm for Argent has been driven in part by the wallet’s combination of usability, security, and broad DeFi compatibility. With over half a million users reported by 2022, Argent’s growth reflects increasing mainstream interest in decentralized financial services that are both accessible and trustworthy. The funding has also supported Argent’s ambition to build a “super‑app” that goes beyond basic wallet functions to include features for gaming, NFTs, virtual real estate, and decentralized autonomous organizations (DAOs).

Argent’s co‑founders—including Itamar Lesuisse, Gerald Goldstein, and Julien Niset—have leveraged their collective expertise in mobile software and cryptography to push the platform forward with strong user experience design and rigorous security foundations. With successive funding rounds behind it, Argent continues to invest in expanding product capabilities that cater both to seasoned DeFi users and newcomers seeking a simplified entry point into Web3.

As the broader crypto and decentralized finance sectors evolve, Argent’s funding trajectory signals sustained investor interest in projects that combine user‑centric design with deep integration into blockchain ecosystems. With a strong base of venture and strategic backers, Argent is well positioned to further its mission of making decentralized financial tools mainstream and expanding its footprint across global markets.