Senior Software Engineer (TypeScript)
MagnaSalary not specified
- Full Time
- Senior (5 to 8 years)
About Magna
Magna operates in the decentralized finance (DeFi) sector, focusing on transforming DeFi investments into financial primitives. Its main product, Carta for Web3, allows companies to manage their capitalization tables and distribute token equity to employees, advisors, and investors. Magna is also developing specialized tools for fund managers in the cryptocurrency space. The company generates revenue through subscription fees and service charges, providing essential financial management tools for Web3 companies and fund managers. Magna differentiates itself by specifically addressing the financial operations needs of clients in the blockchain and cryptocurrency markets.
New York City, New YorkHeadquarters
2022Year Founded
$14.8MTotal Funding
SEEDCompany Stage
Fintech, Crypto & Web3Industries
11-50Employees
Risks
Increased competition from emerging DeFi platforms could dilute Magna's market share.
Regulatory scrutiny on DeFi platforms may impact Magna's operations.
Cryptocurrency market volatility poses a risk to Magna's revenue model.
Differentiation
Magna offers a unique token vesting and DeFi investment management platform.
Carta for Web3 allows companies to manage cap tables and distribute token equity.
Magna develops crypto-native tools specifically tailored for fund managers.
Upsides
Magna raised $15.2 million in seed funding, boosting its growth potential.
Partnership with BlackTokenomics enhances Magna's industry credibility and reach.
Growing interest in tokenized real estate presents new opportunities for Magna.
Funding
Total raised$14.79 M
Latest valuation$70.00 M
StageSEED
SUPPORT PROGRAM
12/31/2021- Y CombinatorTop
N/A