B
Burritowallet
It's easy and easy and safe to invest in the Web 3.0 with a burrito wallet!
About Burritowallet
Burrito Wallet is a multi-chain Web 3.0 wallet developed by Rotonda, a company that originated as a subsidiary of the major South Korean cryptocurrency exchange, Bithumb. Established in 2021 and headquartered in Seoul, South Korea, the company launched the Burrito Wallet service in December 2022. The firm's name, Rotonda, is inspired by the concept of a roundabout, symbolizing the algorithmic, decentralized consensus that underpins blockchain technology.
The wallet functions as a comprehensive platform for managing digital assets, designed to connect users from centralized crypto exchanges to the broader world of decentralized applications (DApps), NFT marketplaces, and decentralized finance (DeFi). Burrito Wallet's business model focuses on providing a user-friendly gateway to the Web3 ecosystem, simplifying processes that can be complex for newcomers. It serves both crypto novices and experienced traders, with a particular focus on bridging the gap for overseas users wanting to access the Korean crypto market. Revenue streams likely include fees from integrated services like token swaps and partnerships with blockchain projects seeking to engage the Korean market.
The product is a mobile-based application that supports an extensive range of cryptocurrencies and mainnets, currently boasting compatibility with over 3,500 tokens across more than 37 mainnets. Key features include seamless asset transfers, real-time transaction monitoring, and integrated token swapping that aggregates liquidity from various pools to find optimal rates. The wallet also provides services for NFT management, allowing users to store, transfer, and display their collections. A distinctive feature is its community and social functions, such as chat-based P2P crypto transfers, which reduces the risk of sending assets to incorrect addresses. The platform also offers staking services, initially in collaboration with Casper Labs, allowing users to earn rewards on their holdings. In March 2024, Burrito Wallet launched an open beta for its V2, introducing a points system and a community space to further enhance user engagement.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES B✓Equity / VC | Sep 2022 | $13M | $52M | Coupang · Willoughby Capital · Red Rock Capital Partners · Coinbase | ↗ |
Growth signals
Latest recorded traffic for Burritowallet is 340 monthly website visits, down 93.5% over the last three months. Burritowallet's team declined 67.9% over the past year.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A5 investors entered at this stage
Coupang
Willoughby Capital- RPRed Rock Capital Partners
Coinbase
HashKey Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Burritowallet on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
See Burritowallet’s full profile on Dealroom
Request a free trial to see the complete deal history, financials, people graph and growth signals.
Takes under a minute. Already use Dealroom? Log in.