Name

Seashell

Legal name

Seashell

Website

https://seashell.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

Seashell is a Seattle-based consumer fintech that operates the Seashell Save mobile app, offering individual US depositors up to 10% interest on savings through a hybrid DeFi and off-chain lending architecture. The company earns revenue on the spread between yields generated and interest paid to users.

Ownership category

akta.pro rank

Product category

Consumer Fintech / High-Yield Savings

NAICS

Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199), Investment Advice (6282)

akta.pro primary industry

Yield, Vaults & Asset Management (vault strategies, robo-vaults, structured yield) (FSAPAEAG)

Keywords

• High-yield savings
• Decentralized finance
• Consumer fintech app
• Yield generation
• Mobile banking

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Yield Spread: The company generates revenue through the spread between yields earned via DeFi protocols and off-chain lending versus the up to 10% interest paid to users

Go-to-market motion1 record

Distribution channels1 record

Core offering

Seashell offers Seashell Save, a mobile application that pays consumers up to 10% interest on deposited cash by deploying those funds across a combination of decentralized finance (DeFi) protocols and off-chain lending venues. The product targets individual savers seeking higher yields than traditional bank savings accounts, with a user-friendly mobile interface abstracting the underlying crypto and lending complexity.

Differentiator

Problem solved

Functional benefit

Brands

• Seashell Save: High-yield financial app offering up to 10% interest rates, providing consumers with higher interest rates than traditional banks through a simple, user-friendly mobile platform.

Products and services

• Seashell Save A consumer-facing mobile application that offers up to 10% interest on deposited cash by routing funds through a combination of DeFi protocols and off-chain lending infrastructure. Designed for individual US savers seeking higher yields than traditional bank savings accounts, particularly during inflationary periods, with a simple, user-friendly interface that abstracts the underlying crypto and lending complexity.

Quantifiable outcome

• Up to 10% interest rates offered to users

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators1 record

Direct peers

• Nexo: CeFi crypto lending and high-yield savings platform offering retail consumers interest on deposited digital assets. Direct competitor to Seashell Save with the same core proposition — accessible high yields on cash/crypto balances — though Nexo operates CeFi-only without the DeFi architecture Seashell employs.
• Compound: Foundational DeFi lending protocol that generates variable supply-side yields for crypto depositors. Comparable as a yield infrastructure layer similar to what Seashell accesses, and as a consumer-facing alternative for users willing to interact with DeFi directly.
• Aave: Largest decentralized lending/borrowing protocol whose yield mechanisms likely underpin part of Seashell's DeFi yield engine. Directly comparable as a yield source and increasingly as a consumer-facing savings alternative via Aave's mobile integrations.
• Yearn Finance: DeFi yield aggregator that automates vault strategies across lending protocols to optimize returns. Closely comparable to Seashell's hybrid yield strategy approach, though delivered as a non-custodial DeFi protocol rather than a consumer mobile app.

Broad incumbents

• Coinbase: Largest US-regulated crypto exchange, which has offered various interest-bearing products to retail users. Comparable as a broad incumbent with overlapping consumer crypto yield offerings, superior regulatory standing, and significantly larger user base and brand trust.
• Binance Earn: Yield/earn product suite from the largest global crypto exchange. Comparable as a broad incumbent offering consumer-facing high yields on deposited crypto, with materially greater liquidity and brand recognition but elevated regulatory risk for US users.
• Crypto.com: Major CeFi crypto platform offering yield/earn products to retail consumers via its app. Comparable as a broader incumbent with overlapping consumer yield products and significantly larger scale and brand spend.

Emerging players

• Pendle Finance: DeFi protocol that tokenizes and trades future yield, enabling sophisticated yield strategies. Comparable as part of the same DeFi yield ecosystem Seashell taps into and as a competing yield-optimization primitive for sophisticated retail users.
• Lido: Liquid staking protocol that generates yield on deposited ETH via stETH. Comparable as a major source of crypto-native yield that consumer apps like Seashell can route into, and as a competing consumer yield destination in its own right.
• Curve Finance: Stablecoin-focused DEX and yield protocol central to many DeFi yield strategies. Comparable as a yield infrastructure layer and as a competing venue for users seeking stablecoin-denominated returns.

Market position

Customer concentration

• Xx.com/getseashell
• Facebookfacebook.com/Seashell-108568398328948
• LinkedInlinkedin.com/company/seashell-financial

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds3 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Seashell