Stellar Development Foundation

Nonprofit providing open-source financial access

San Francisco, California, United States

About Stellar Development Foundation

Stellar Development Foundation focuses on creating an open financial platform that allows users to send, save, and receive money with low fees. The platform uses blockchain technology to ensure that transactions are secure and transparent. Unlike many traditional financial services, Stellar aims to make financial access available to everyone, including individuals and businesses, regardless of their location. The foundation generates revenue through transaction fees and partnerships with financial institutions, which helps support its mission of promoting financial inclusion and reducing barriers to accessing financial services.

San Francisco, CaliforniaHeadquarters
2014Year Founded
$2.9MTotal Funding
SEEDCompany Stage
Fintech, Social Impact, Crypto & Web3Industries
201-500Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Flexible Work Hours
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
401(k) Company Match
401(k) Retirement Plan
Gym Membership
Family Planning Benefits
Fertility Treatment Support
Wellness Program
Professional Development Budget
Conference Attendance Budget
Commuter Benefits
Phone/Internet Stipend
Home Office Stipend

Risks

Competition from new platforms like Lens by Avara could divert resources from Stellar.
Huma Finance's protocol on Solana threatens Stellar's on-chain payment solutions market share.
Emerging crypto projects like FXGuys may dilute Stellar's market and growth potential.

Differentiation

Stellar offers a decentralized, fast, and scalable network for financial services.
The Foundation supports equitable access to the global financial system via blockchain.
Stellar's open-source platform allows minimal fees and secure transactions globally.

Upsides

Stellar's partnership with Félix and Bitso enhances cross-border remittances for Latino immigrants.
Akuna Wallet in Ghana showcases Stellar's commitment to financial inclusion in Africa.
Stellar's membership in Linux Foundation Decentralized Trust strengthens its decentralized tech position.

Funding

Total raised$2.92 M
Latest valuation$15.00 M
StageSEED
SEED
7/31/2014
$3
$15.00 M