Ryder One offers crypto-grade security in under 60 seconds, and the new funding will accelerate team expansion and marketing efforts.
Ryder Raises $3.2 Million in Seed Round Led by Tim Draper
Ryder, the company behind the hardware crypto wallet Ryder One, has successfully completed a $3.2 million seed investment round. The wallet is designed with the mission to provide full crypto security in under 60 seconds, making digital asset management easy and accessible to everyone.
The seed round was led by billionaire Tim Draper, founder of Draper Associates. Other participating investors include Borderless, Semantic, Smape, and VeryEarly funds, along with angel investors Anatoly Yakovenko (co-founder of Solana) and Joe McCann (CEO of Asymmetric).
Investment to Accelerate Ryder One’s Growth
The new funding will be used to boost production capacity, expand engineering and marketing teams, and launch a large-scale marketing campaign to strengthen brand awareness.
We created Ryder because we personally experienced how insecure and intimidating self-custody of crypto can be.
said Luis Ivan Payawal, co-founder and CEO of Ryder.
For too long, the crypto industry has relied on seed phrases – a single piece of paper that could determine the fate of your entire portfolio.
Ryder’s CTO Marvin Jansen added that Ryder One was designed to make crypto usage intuitive and natural. By simplifying the user experience and making wallet recovery easier, anyone can confidently use crypto anytime and anywhere.
Investor Tim Draper highlighted the need for solutions that don’t require deep technical knowledge yet offer high levels of security. He praised Ryder One for its quick setup and offline design that protects user assets.
TapSafe – A New Level of Crypto Wallet Security
One of Ryder One’s key innovations is the TapSafe recovery feature – a reliable and secure method of wallet recovery. The system uses a backup distributed between mobile phones and small NFC Recovery Tags (coin-sized) that must be physically combined to recover the wallet if lost.
TapSafe is a fully self-contained and resilient system, eliminating the single point of failure typical of traditional seed phrases. With Ryder One, users can create and back up their wallets in under 60 seconds.
Cryptocurrency for Everyday Payments
In the future, Ryder plans to integrate direct crypto spending via its mobile app that accompanies Ryder One. It will support tap-to-pay functionality and other daily payments, making digital money a real part of users’ everyday lives.
Tim Draper, a long-time supporter of Bitcoin, believes that in the future, merchants will accept only Bitcoin as a form of payment. He is also known for backing leading crypto companies such as Coinbase and Robinhood.
Conclusion
Ryder One is positioning itself as an innovative solution in the crypto security world – offering ease of use, rapid recovery, and a vision for real-world integration. With support from investors like Tim Draper, Ryder is on track to become a key player in the next wave of mainstream crypto adoption.
Frequently Asked Questions
Find answers to the most common questions below.
Ryder One is a hardware crypto wallet offering fast setup and secure recovery without seed phrases, using TapSafe technology.
The round was led by Tim Draper, with support from funds like Borderless and angel investors including Anatoly Yakovenko.
TapSafe splits wallet backups across devices and NFC tags, requiring physical combination for restoration—eliminating single points of failure.
This article is for general informational purposes only and is not intended to be, and should not be construed as, legal or investment advice. Crypto-assets are highly volatile, so only invest funds that you are willing to lose and use your own research and risk management.
