Yoroi
Yoroi (now SecondFi) is an open-source, self-custodial cryptocurrency wallet originally built for Cardano and now expanded to multichain support for 10,000+ assets. Developed by EMURGO Fintech in Singapore, it serves retail crypto holders with staking, swapping, NFT management, and the SecondFi Card.
- Company typePrivate
- Founded2018
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Yoroi does
Yoroi is an open-source, self-custodial cryptocurrency wallet originally built for the Cardano blockchain and now operating as SecondFi, a self-custody neofinance platform. Developed and operated by EMURGO ENTERPRISE PTE. LTD., a Singapore-incorporated division of EMURGO (one of the founding entities of the Cardano blockchain), Yoroi launched in 2018 as the first light wallet supporting Cardano ADA. Its core technology is a light wallet architecture that enables users to interact with the blockchain without downloading a full node, available as a browser extension and mobile app across iOS and Android. The platform has since expanded to support 10,000+ assets across multiple networks.
The product surface includes wallet functionality for ADA, Cardano Native Assets, and NFTs; in-wallet staking (approximately 3.5% rewards via delegated stake pools); in-wallet swaps powered by the MuesliSwap DEX aggregator; fiat on-ramp via Banxa; DApp connectivity; on-chain governance voting; and, under the SecondFi evolution, the SecondFi Card for global crypto spending and cross-network asset transfers. The software is positioned as free and open-source, with private keys encrypted locally and never shared with servers or third parties.
The business is a subsidiary operation within EMURGO rather than an independently funded standalone entity: no venture capital or private equity rounds are disclosed in the source data, and there is no headcount, revenue, or user-base data beyond the 11-50 employee band. Revenue mechanics, to the extent they exist, appear limited to a share of stake pool delegation rewards and potential referral or transaction fees from the MuesliSwap integration. Go-to-market is product-led and community-led, relying on open-source transparency, organic social channels (Discord, Twitter/X, YouTube, Reddit, LinkedIn), and direct self-serve downloads. The user base consists of long-tail retail crypto holders, NFT collectors, and DeFi users, with no named enterprise customers.
Yoroi firmographics
Firmographics- Name
- Yoroi
- Legal name
- EMURGO ENTERPRISE PTE. LTD.
- Website
- https://yoroi-wallet.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Yoroi (now SecondFi) is an open-source, self-custodial cryptocurrency wallet originally built for Cardano and now expanded to multichain support for 10,000+ assets. Developed by EMURGO Fintech in Singapore, it serves retail crypto holders with staking, swapping, NFT management, and the SecondFi Card.
- Ownership category
- akta.pro rank
Yoroi industry classification
Industry- Product category
- Cryptocurrency Wallet
- akta.pro primary industry
- Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters) (FSAPACAB)
- akta.pro secondary industry
- Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails) (FSAPAIAJ)
Keywords
Where Yoroi is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices1 record
Markets served
Yoroi business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Staking Rewards Sharing: Yoroi operates stake pools and shares rewards with users who delegate their ADA. The company communicates the percentage of rewards shared with users through the wallet interface.
- DEX Aggregator Fees: In-wallet swap functionality powered by MuesliSwap DEX aggregator may generate referral or transaction fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free tier - Standard wallet functionality |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Yoroi product offering
Product offeringCore offering
Yoroi is an open-source, self-custodial light cryptocurrency wallet for the Cardano blockchain, allowing users to securely store, send, and receive ADA, Cardano Native Tokens, and NFTs without downloading the full blockchain. The wallet offers in-wallet staking delegation to EMURGO-operated stake pools (~3.5% rewards), token swaps via the MuesliSwap DEX aggregator, dApp connectivity, and governance voting. The product has evolved into SecondFi, a multi-chain neofinance platform extending the wallet experience to additional blockchains.
Product overview
Yoroi (now branded as SecondFi) is a multi-product cryptocurrency wallet ecosystem built by EMURGO Fintech for the Cardano blockchain. The core product, Yoroi Wallet, is an open-source, self-custodial light wallet that was the first light wallet supporting Cardano ADA. The platform has evolved into SecondFi, a self-custody neofinance platform featuring multichain support for 10,000+ assets. The ecosystem includes Yoroi Wallet (core wallet for Cardano), SecondFi (expanded neofinance platform), plus integrated modules for NFT management (NFT Gallery), asset swapping (powered by MuesliSwap), staking (~3.5% returns), DApp connectivity, governance voting, and the SecondFi Card for global spending.
Differentiator
Problem solved
Functional benefit
Products and services
- Yoroi Wallet An open-source, self-custodial light cryptocurrency wallet for the Cardano blockchain that allows users to securely store, send, and receive ADA, Cardano Native Tokens, and NFTs without downloading the full blockchain. Targeted at individual ADA holders and the broader Cardano community.
- SecondFi A multi-chain neofinance platform evolved from Yoroi Wallet that extends self-custodial wallet functionality, in-wallet swaps, and integrated spending capabilities to additional blockchain networks beyond Cardano. Targeted at individual crypto users seeking multi-chain asset management.
Quantifiable outcome
- ~3.5% staking rewards rate available through Yoroi stake pools
- +1 more outcomes
Companies that use Yoroi
Customer profileSegments3 records
Ideal customer profiles2 records
Yoroi technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature6 records
Yoroi partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered flagship and core.
- EMURGOflagshipEMURGO Fintech, a division within EMURGO, is the founding entity of Cardano blockchain and developed Yoroi Wallet. This is the primary development and strategic relationship behind the product.
- MuesliSwapcoreMuesliSwap DEX aggregator powers in-wallet swap functionality, providing users with optimal exchange rates for asset swaps within the Yoroi interface.
- BanxacoreBanxa provides fiat-to-crypto on-ramp services enabling users to easily top-up Yoroi Wallet with ADA and other assets.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Yoroi competitors and assessment
Company assessmentDirect peers
- Eternl Wallet: Cardano light wallet offering ADA storage, staking, NFT gallery and DApp connectivity. Directly competes with Yoroi for the same Cardano user base with a similar browser-extension and mobile experience.
- Typhon Wallet: Cardano light wallet focused on DeFi and staking, competing head-to-head with Yoroi in the same ADA-holder segment with overlapping swap and stake-pool delegation features.
- Lace: Light wallet built by IOHK/Input Output for the Cardano ecosystem, providing staking, DApp connectivity and multi-asset support. Directly competitive with Yoroi across the same core feature set.
- Daedalus: Full-node Cardano wallet by IOHK. While heavier than Yoroi, it serves the same ADA-holder audience with staking and native-asset management, and is the closest chain-native wallet comparable.
- Nami Wallet: Browser-extension Cardano wallet (now under Strica) focused on DeFi and DApp access. Comparable to Yoroi in target user, lightweight architecture, and Cardano DApp-connect positioning.
Broad incumbents
- MetaMask: The dominant EVM/browser-extension self-custodial wallet. Comparable to Yoroi on architecture (light, non-custodial, browser-extension + mobile) and as the default wallet UX that SecondFi is competing against with its multichain pivot.
- Trust Wallet: Multi-chain self-custodial mobile and extension wallet. Comparable to SecondFi's multichain 10,000+ asset positioning, with similar light-wallet architecture, in-wallet swap and staking monetization.
- Phantom Wallet: Solana-first wallet that has expanded multichain support. Comparable as a chain-native light wallet expanding into a multi-asset neofinance UX, mirroring Yoroi's SecondFi trajectory.
- Exodus Wallet: Desktop/mobile multi-asset self-custodial wallet with built-in swap and staking. Comparable to SecondFi's multichain, in-wallet swap, and staking reward features for retail crypto users.
Emerging players
- Atomic Wallet: Multi-chain non-custodial wallet with staking, swaps and a spending card. Comparable to SecondFi on the full-stack retail crypto wallet + card positioning for an independent, non-custodial provider.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Yoroi social profiles
Digital presenceYoroi financial estimates
Financial estimateRevenue estimate
Valuation estimate
Yoroi leadership team
Management profileNumber of profiles
Yoroi funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Yoroi M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Yoroi
What does Yoroi do?
Yoroi is an open-source, self-custodial light cryptocurrency wallet for the Cardano blockchain, allowing users to securely store, send, and receive ADA, Cardano Native Tokens, and NFTs without downloading the full blockchain. The wallet offers in-wallet staking delegation to EMURGO-operated stake pools (~3.5% rewards), token swaps via the MuesliSwap DEX aggregator, dApp connectivity, and governance voting. The product has evolved into SecondFi, a multi-chain neofinance platform extending the wallet experience to additional blockchains.
Is Yoroi a public or private company?
Yoroi is a private company. It is classified as corporate owned and is currently operating.
When was Yoroi founded?
Yoroi was founded in 2018. It employs 11 to 50 people.
Where is Yoroi based?
Yoroi is headquartered in Singapore, Singapore, in the Asia region.
How does Yoroi make money?
Two revenue lines are on record. Staking Rewards Sharing is the primary driver. The others are DEX Aggregator Fees.
Who are Yoroi's main competitors?
Direct peers on record are Eternl Wallet, Typhon Wallet, Lace, Daedalus and Nami Wallet. Broad incumbents are MetaMask, Trust Wallet, Phantom Wallet and Exodus Wallet. Atomic Wallet is listed as an emerging player.
Does Yoroi have an API?
No public API is recorded for Yoroi.
What industry is Yoroi in?
Yoroi's product category is Cryptocurrency Wallet. Its primary akta.pro industry code is FSAPACAB, Smart Contract Wallets / Account Abstraction (MPC/AA, social recovery, paymasters), with a secondary code of FSAPAIAJ, Enterprise Payments & Tokenized Money (stablecoins, tokenized deposits, CBDC rails).