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Reflexer Labs of New York runs a decentralized finance platform where users mint RAI, a non-pegged stablecoin backed by ETH.
Founded in 2020 and headquartered in New York, US, Reflexer Labs lets users mint RAI, a non-pegged stablecoin backed by Ethereum (ETH), using their crypto collateral. Revenue comes from transaction fees on minting and redemption. The company has completed two deals, the most recent in August 2020, when it raised USD 1.68 mn in a Seed round led by Paradigm, with Standard Crypto Management and Variant Fund participating.
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