Ottr Finance
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Ottr Finance was a Solana-based self-custody crypto wallet led by CEO Aleksei Zakharov. It aimed to make crypto easy for average users: instant free USDC transfers without seed-phrase setup hassles, US bank-account integration and gas-free transactions. In October 2022 it closed a $3.1 million pre-seed round led by Race Capital with Circle Ventures, Slow Ventures and Kamal Ravikant participating.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- $3.1M pre-seed
In October 2022 Ottr Finance closed a $3.1 million pre-seed round led by Race Capital (Circle Ventures, Slow Ventures, Kamal Ravikant participating) to expand its Solana DeFi wallet.
- Acquired by Worldcoin's developer
On February 29, 2024 Tools for Humanity, the primary developer behind Worldcoin, acquired Ottr Finance to strengthen Worldcoin's user onboarding with Ottr's user-friendly features. The Ottr Solana wallet was sunset: the backend stayed operational for three months, the app was removed from app stores on June 1, 2024, and service ceased by July 31, 2024, with users directed to export private keys to wallets like Phantom.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.