/Companies

EtherFi

Founded 2022 · 73 employees on LinkedIn · 25 known investors

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ether.fi offers non-custodial crypto financial products, including staking, DeFi strategy vaults for ETH, BTC, and stablecoins, and a cashback debit card usable at over 100 million locations with no credit checks. It serves crypto holders looking to earn rewards on their assets and spend them for everyday purchases.

Also known as ether.fi · Ether.fi · Etherfi

Founders & leadership

EtherFi was founded in 2022 by Rok Kopp and Mike Silagadze.

RKRok Kopp
Rok KoppCo-Founder, CROFounder of ether.fi, a non-custodial crypto financial products platform offering staking, DeFi strategy vaults, and a cashback debit card. Brings background in sales, leadership, and sales strategy.
MSMike Silagadze
Mike SilagadzeFounder and CEOFounder at Etherfi Grand Cayman, Cayman Islands

Investors · 25

Company profile

researched Aug 2026

ether.fi provides a consumer account for holding, growing and spending crypto and cash. Through its website and mobile applications (available on the App Store and Google Play), users can buy crypto, tokenized stocks and metals, hold and trade more than 100 assets without a separate trading account, send money internationally via low-cost transfers, and borrow against holdings rather than selling them. Earning features are presented as rewards plus automated strategies applied to user assets.

Spending is handled through a payment card offering 3% cashback on online and in-store purchases, with cashback also available on trades of tokenized assets such as S&P 500 exposure, gold and BTC. The card and account are sold in tiers: Core (3% cashback, global travel and coverage benefits, $10K account balance protection), Luxe (3% cashback with a metal card, airport lounge passes and 10% discounts on travel and AI services), Pinnacle (3% cashback, premium card, unlimited airport lounge access and 20% discounts) and VIP (4% cashback, gold card, personal concierge, curated venture access and 30% discounts). Common benefits across tiers include auto rental coverage, purchase and price protection, Visa concierge and a global eSIM. The company advertises an insurance-backed account balance protection program of up to $500,000 per account, funded by ether.fi capital and an insurance policy from a licensed underwriter; the site states this program is not yet live and full terms are forthcoming. Security auditing is attributed to Halborn.

Business model

Consumer-facing crypto financial account combining trading, yield-generating strategies, borrowing, cross-border transfers and card-based spending, sold through membership tiers (Core, Luxe, Pinnacle, VIP) that bundle cashback rates, card materials and travel and lifestyle benefits.

Latest developments

The company markets an insurance-backed account balance protection program of up to $500,000 per account that it states is not yet live, alongside tiered card products and trading in tokenized stocks and metals.

▸Full profile — market position, technology, go-to-market, geography, risks & controversies

Market position

Combines earning, trading, borrowing, global transfers and spending in a single account, with 3-4% cashback on everyday purchases, cashback on tokenized stock and commodity trades, and advertised insurance-backed balance protection.

Technology

A mobile and web account platform supporting 100+ crypto and cash assets, tokenized stocks and metals, automated earning strategies, collateralized borrowing and global asset transfers, with security audits by Halborn.

Go-to-market

Direct-to-consumer acquisition via its website and iOS and Android apps, with product entry points for account signup, card issuance, earning, trading, borrowing and sending, and tiered membership benefits including Visa concierge services.

Retail crypto and cash holders who want to hold, trade and earn on digital assets and tokenized stocks and metals while spending them on everyday purchases, including higher-spend users targeted by premium membership tiers.

Geography

Positioned for global use, with card spending advertised worldwide, international money transfers, travel and airport lounge benefits, and a global eSIM.

Risks & controversies

The advertised account balance protection program is described on the company's own site as not yet live, with full terms and conditions still to be published.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Advertised account balance protectionJan 2025$500K
Cashback rate on everyday spending (Core, Luxe, Pinnacle tiers)Jan 20253%
Cashback rate on everyday spending (VIP tier)Jan 20254%
HeadcountAug 202673
Supported assets available to hold and tradeJan 2025100+ assets, cash and crypto supported

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

▸Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does EtherFi do?
ether.fi is a crypto-based money account offering earning strategies, trading, borrowing, global transfers and a cashback card.
Who founded EtherFi?
EtherFi was founded by Rok Kopp, Mike Silagadze in 2022.
Who are EtherFi's investors?
EtherFi's investors include Arrington Capital, Cathay Innovation, Chapter One, CoinFund, Collider Ventures, Draper Dragon, Fjor Founders, Fourth Revolution Capital (4RC) and 17 more.