Rikkei Finance

What Rikkei Finance does

Rikkei Finance is a Vietnamese decentralized finance (DeFi) startup founded in 2020, headquartered in Vietnam (Hanoi/Ho Chi Minh City), operating with a small team of 1-10 employees. The company has built an Open Lending Platform that supports cross-chain blockchain lending, enabling users to collateralize non-fungible tokens (NFTs) and other digital assets to borrow against them, alongside integrated insurance protection and real-time currency exchange functionality.

The underlying technology is blockchain-based with cross-chain interoperability, differentiating the protocol from single-chain DeFi lending products. Revenue mechanics derive from two streams: lending interest and transaction fees on borrowed funds, and insurance premiums paid by users opting into coverage against smart contract risks. The platform is distributed through a self-service, protocol-based model with no traditional sales channels, targeting a horizontal segment of crypto-native users, NFT collectors, and DeFi participants.

The company has raised $5.6 million in a single seed/early-stage funding round in May 2021 from a broad syndicate of 16 blockchain-focused investors led by Signum Capital and Kyber Network, with participation from Coin98, TomoChain, X21 Digital, LD Capital and others. Leadership comprises CEO Dang Thai Hoa, CTO/Founder Vu Thanh Tung, and CFO Dang Bao Duc. No revenue, user counts, TVL, or subsequent funding events are disclosed in the available data, limiting visibility into commercial traction.

Name

Rikkei Finance

Website

https://rikkei.finance

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Rikkei Finance is a Vietnamese DeFi startup operating the Open Lending Platform, a cross-chain lending protocol that supports NFT collateralization, integrated insurance, and real-time currency exchange for crypto-native users and DeFi participants in Southeast Asia.

Ownership category

akta.pro rank

Product category

Decentralized Finance (DeFi) Lending

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Decentralized Lending & Borrowing Protocols (FSADAMAA)

akta.pro secondary industries

Borrowing/Lending Risk & Credit Infrastructure (on-chain credit scoring, risk engines, insurance wrappers) (FSAPAEAI), Decentralized Lending Protocols (DeFi Money Markets) (FSADAFAB)

Keywords

• Decentralized lending
• Cross-chain finance
• NFT collateralization
• DeFi protocol
• Digital asset lending

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Software

Cost components

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

Revenue model

1. Lending Interest and Fees: The platform generates revenue through interest collected on loans facilitated through the Open Lending platform. Users pay interest on borrowed funds while providing collateral in the form of digital assets or NFTs.
2. Insurance Premiums: Revenue is generated from insurance premiums charged to users who opt into insurance protection for their collateralized assets against smart contract risks.

Go-to-market motion1 record

Core offering

Rikkei Finance operates an Open Lending DeFi protocol that enables users to borrow against cryptocurrency and NFT collateral across multiple blockchain networks. The platform supports cross-chain interoperability, real-time digital asset and fiat currency exchange, and integrates P2P insurance to protect collateralized positions from smart contract and protocol-level risks.

Product overview

Rikkei Finance is a Vietnamese DeFi startup offering the Open Lending Platform — a single unified core product that provides cross-chain blockchain lending with NFTs collateralization, real-time currency exchange, and integrated insurance features.

Differentiator

Problem solved

Functional benefit

Products and services

• Open Lending Platform A cross-chain blockchain lending protocol that allows users to borrow funds by collateralizing cryptocurrencies and NFTs, supports real-time digital asset and fiat currency exchange, and includes integrated P2P insurance to protect collateralized positions against smart contract risks. Designed for crypto-native users, NFT holders, and DeFi participants.

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves5 records

Expansion highlights2 records

Direct peers

• Aave: The largest decentralized lending protocol by TVL, offering cross-chain lending via Aave V3. Directly comparable as a DeFi money market with cross-chain support and a similarly protocol-based, product-led distribution model.
• Compound: Pioneer DeFi lending protocol with permissionless money markets. Comparable as a core DeFi lending primitive competing for the same borrowers and liquidity providers as Rikkei.
• Radiant Capital: Cross-chain omnichain money market lending protocol. Directly comparable to Rikkei's cross-chain lending thesis and competes for similar cross-chain DeFi users.
• Cream Finance: Cross-chain DeFi lending protocol supporting multiple chains with collateralized lending. Highly comparable to Rikkei's multi-chain lending model (note: suffered a major exploit in 2021).
• MakerDAO: Decentralized credit protocol issuing DAI against crypto collateral via Collateralized Debt Positions. Comparable as a DeFi lending/borrowing protocol though more focused on stablecoin issuance.
• Silo Finance: Isolated lending markets enabling permissionless creation of lending pairs on Ethereum. Comparable as a DeFi lending primitive targeting similar cross-asset borrower use cases.
• Venus Protocol: Algorithmic money market and synthetic stablecoin protocol on BNB Chain. Comparable DeFi lending model serving similar crypto-native borrower/lender audiences.
• Maple Finance: Institutional-grade DeFi lending/credit marketplace. Comparable as a protocol-based lending platform, though more focused on undercollateralized institutional credit.

Emerging players

• Liquity: Decentralized borrowing protocol against ETH collateral with 0% interest and a Stability Pool mechanism (akin to insurance). Comparable insurance-style risk-pool design to Rikkei's protection layer.
• dForce: Multi-chain DeFi protocol suite including lending markets. Compares on multi-chain DeFi lending, though broader in scope (also includes stablecoins and trading).

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/RikkeiFinance

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors16 records

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

M&A

Investments1 record

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

Frequently asked questions about Rikkei Finance