Tweed

Company Overview

Snapshot

Founded in June 2022 by Michelle Latzer, Udi Hakim, and Julie Tauber, Tweed operates with 11–50 employees. The company has raised $4M across one funding round from two investors. In August 2022, Tweed secured seed funding, led by Accel.

Business overview

Tweed provides a self-custodial key management system, a white-label wallet, and onramp/offramp connectivity for platforms integrating Web3 elements. Its core technology enables the onboarding of non-crypto native users through various login options and account recovery features, allowing platforms to customize the user interface and terminology. Tweed's SDK includes a white-label payment layer with fiat-to-NFT and crypto onramp solutions, serving the Fintech & Insurtech sector, particularly in money transfer and management, and targeting enterprises and commerce & retail markets.

Strategic signal

In March 2023, Tweed was highlighted for its crypto wallet API, designed to integrate Web3 functionalities into any web service. This signals the company's focus on simplifying Web3 adoption for businesses by providing essential infrastructure that allows them to offer digital wallet services and blockchain interactions without requiring users to be crypto-native, thereby expanding the potential market for Web3 applications.

Company Intelligence Q&A

When was Tweed founded and by whom?

Tweed was founded in June 2022 by Michelle Latzer, Udi Hakim, and Julie Tauber.

How much capital has Tweed raised to date?

Tweed has raised a total of $4M in funding.

Which investors participated in Tweed's seed funding round?

In August 2022, Tweed secured seed funding, led by Accel, with participation from Michael Vaughan.

What is the primary focus of Tweed's technology?

Tweed's technology focuses on simplifying the integration of Web3 functionalities for businesses by providing an API that handles key management, white-label wallets, and fiat-to-crypto on/offramp solutions, making Web3 accessible to a broader user base.