Based Secures $4 Million in Strategic Funding Round on September 8, 2025
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According to media reports, Based raised $4 million in a Strategic funding round on September 8, 2025, with Ethena as the lead investor. This latest round brings Based’s total funding to $6.7 million.Based is an innovative crypto payment solution project, featuring two core products: a smart wallet and a non-custodial crypto debit card. The Based wallet offers users one-click transactions and batch signing capabilities, enabling gas fee payments with tokens of their choice and supporting instant transfers between Based users. Its non-custodial debit card allows users to pay directly from their wallet without the need for pre-deposited funds, significantly enhancing both user experience and the flexibility of fund utilization.Based previously raised $2.7 million in January 2022. The successful Strategic round underscores sustained investor confidence in the crypto payments sector. Based’s innovative solutions are expected to play a key role in improving the convenience of cryptocurrency payments and advancing their adoption in everyday payment scenarios. The project’s development also reflects the ongoing maturation of crypto payment infrastructure and the industry’s trend toward enhanced user experience.
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BASED Fundraising History
| Round | Amount | Valuation | Time | Investor(s) |
|---|---|---|---|---|
| Strategic | -- | -- | 2025-09-07 | Ethena |
Key Milestones
- 2025-09-08Based raised $ 4 M in strategic financing
- 2022-01-01Based raised $ 2.7 M in funding round
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