Outlet Finance, Inc. operated a platform that aimed to bridge traditional finance with the emerging world of DeFi. Its core product was a mobile and web application that functioned like a high-yield savings account, allowing users to deposit funds (which were converted to stablecoins like USDC) and earn interest generated from decentralized lending protocols on the Ethereum blockchain. The company's mission was to make the benefits of DeFi accessible to a mainstream audience without the technical complexities. However, after facing regulatory scrutiny and failing to secure further funding, the company announced it was winding down all operations in January 2023.

Founded in

United States