Meet DeZy. This Singapore-based DeFi startup just raised a $2.2M Pre-Series A, led by Leo Capital. Through crypto, they let people earn more $$$ from their savings to help them build wealth.

• It currently has over $1M in deposits and over 10k app downloads.

DeFi? Basically, decentralized finance is a catch-all term for financial services operated on public blockchains like Ethereum. Deposit, borrow, earn interest, trade and more.

• Unlike banks and brokerages, there's no middle man, so it's all decentralized and faster.

Who else cashed in? Iterative Capital, HH Investments and DeFiance Capital.

• 👼🏻: Fintech and crypto angels Michael Ng (Unaagii), Tianwei Liu and Sharon Lourdes Paul (Xfers), Ishan Agrawal, Nihit Nirmal and Kelvin Teo (Funding Societies), HY Sia (Tranglo) also joined in.

🤑  Moneymaking

Just deposit cash into your account, and DeZy takes care of the rest. Enjoy interest rates of up to 5.65% per year. Watch your money grow and withdraw anytime!

• In the spirit of DeFi making finance efficient and accessible for all, there are 0 fees, minimum deposits or lock-ins.
• 5.65% is much higher than the 0.40–2.1% offered by fintechs with similar products and banks' fixed deposits in Singapore.

Want the specifics? They convert your money into stablecoins and stake them into high-yield DeFi protocols. (Curious? More here.)

• Think of it this way. They convert your cash to crypto and invest it for you. Later, convert it (and any gained interest) to cash when you want to withdraw.

💰 What's with the $$$?

It's looking to launch new products, grow its team and keep redefining what finance can be for people like you and I.