[PRESS RELEASE – Singapore, Singapore, October 18th, 2025]

Singapore, Singapore, 17 October 2025 – Ryder, the team behind the user-friendly crypto hardware wallet Ryder One that guarantees crypto security in under a minute, has wrapped up a $3.2M seed funding round, led by billionaire investor Tim Draper, Founder of Draper Associates. The round also included contributions from the venture capital firms Borderless, Semantic, Smape, VeryEarly, along with angel investors such as Anatoly Yakovenko, Co-founder of Solana, and Joe McCann, CEO of Asymmetric.

The funds will facilitate an increase in production capacity, expand marketing and engineering teams, and further enhance Ryder’s flagship product: Ryder One. It will support an upcoming aggressive marketing campaign and improve brand visibility.

“Ryder was developed out of our own frustrations with the fragility and complexity of self-custody,” stated Louise Ivan Payawal, Ryder’s co-founder and CEO, emphasizing that “for too long, crypto has relied on seed phrases – a single piece of paper that could determine the fate of your entire wallet.”

Marvin Janssen, co-founder and CTO of Ryder, expressed, “With Ryder One, we aim to make cryptocurrency feel intuitive and accessible – as simple as tapping your phone. By streamlining the overall experience and rethinking recovery methods, we’re making it possible for anyone, anywhere to truly own and utilize crypto with confidence.”

Tim Draper also remarked, “What the crypto market needs now are solutions that don’t demand extensive technical knowledge while upholding strict security protocols. That’s exactly what I observed in Ryder’s hardware wallet with its quick setup and offline functionality that securely protects users’ assets.”

Ryder One presents TapSafe recovery: an innovative and secure recovery option for crypto wallets. TapSafe backups are dispersed across mobile devices and NFC Recovery Tags, which must physically synchronize to restore access to the wallet in the event of loss. This method is redundant, self-custodial, and eliminates the single points of failure that have plagued seed phrases until now. Users can quickly create and secure their wallets using Ryder One in under a minute.

Julien Neree, CPO of Ryder, stated, “Three years, countless iterations, one mission: to make self-custody a breeze for everyone.” Looking forward, the Ryder team plans to broaden their vision to incorporate everyday use cases, empowering individuals to transact seamlessly using cryptocurrency through Ryder’s companion app and tap-to-pay functionality. Ryder is poised to shape the future of how millions will interact with digital assets in their daily routines.

About Ryder

Ryder is transforming how people engage with cryptocurrency by developing exceptional products that prioritize safety, simplicity, and social connectivity. The company’s primary offering, Ryder One, introduces a tap-based experience that simplifies securing and using cryptocurrencies. Co-founded by Louise Ivan Payawal and Marvin Janssen, veterans in the crypto industry, and supported by Julien Nerée, whose experience spans over a decade in consumer electronics, Ryder has attracted investments from Tim Draper of Draper Associates, Borderless Capital, Semantic Ventures, Smape, VeryEarly, Anatoly Yakovenko of Solana, Joe McCann of Asymmetric, and other premier crypto investors.