Over the past two years, the world has been both amused and shocked by the emergence, growth, and evolution of the crypto industry. While the media and attention are primarily focused on BTC price charts and the not-so-great stories of Luna and FTX, there are incredible teams working on real problems to build a safer and better blockchain ecosystem for the future.
We had the opportunity to speak with some of the founders and engineers in the industry. Today, we are sharing an episode about one of these startups from India, Arda Finance (Y Combinator W22 Batch).
In the episode, Ramkumar Venkataraman, co-founder at Arda Finance, shares how he and Pranay started building a risk management platform that analyzes multiple chains to safeguard, monitor, and build custom on-chain automation using smart contracts.
According to TechCrunch:
What it says it does:
“A single API for fintechs to embed DeFi products on their platform. This allows them to acquire more customers, retain these customers and increase revenue & engagement, all in a custodial, secure, & compliant way.”
Quick thoughts:
While trading stocks and crypto inside the same app has grown to be an expected feature of traditional trading apps, that same relationship hasn’t come to DeFi and traditional fintech services which live separate lives in separate apps and platforms.
From a technical perspective, the threat intelligence platform team at Arda is building leverages Smart Contract Analysis, AI & Machine Learning, Incident Response, as well as community integration in the DeFi Ecosystem, such as Wallets, Funds, and Protocols.
About Ram:
Ram is an engineer who has built scalable systems from scratch at companies like Amazon, PayPal, Wise, and several startups. Most recently, he co-founded Arda (Y Combinator W22) and is building risk management systems for Web3, targeting institutions and high net-worth individuals.
Explore More with the SundayPyjamas Perspective:
Connect with the Founders here:
Ramkumar Venkataraman
Pranay Shetty
References:
https://techcrunch.com/2022/03/29/the-25-crypto-startups-that-y-combinator-is-backing-in-its-w22-batch/
https://twitter.com/ardafinance
https://www.arda.finance/#cases
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Credits:
Hosted & Created by: Prathamesh Patel
Podcast Strategy & Production: Nishi Panchal
Research & Summary: Prathamesh Patel & Nishi Panchal
Music: Ukiyo - Calling (EP)
Copyright of Sunday Pyjamas Private Limited 2023
About SundayPyjamas:
We collaborate with innovative and bold startup teams to build the future with cutting-edge technology.
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