Singapore, Singapore – October 18th, 2025 – Chainwire
Ryder, the company behind Ryder One, the easiest-to-use crypto hardware wallet that offers users crypto security in 60 seconds or less, announces the close of a $3.2 million seed funding round. The round was led by Tim Draper, Founder of Draper Associates. Other participants include venture capital firms Borderless, Semantic, Smape, VeryEarly, as well as angel investors Anatoly Yakovenko, Co-founder of Solana, and Joe McCann, CEO of Asymmetric.
The funding will be used to ramp up production, scale the marketing and engineering teams, and further develop Ryder’s flagship product: Ryder One. Additionally, it will enable a significant marketing push to raise brand awareness.
“We created Ryder because we experienced firsthand how fragile and intimidating self-custody can be,” said Louise Ivan Payawal, Co-founder and CEO of Ryder. “For too long, crypto has relied on seed phrases—a single piece of paper that could decide the fate of your entire wallet.”
Marvin Janssen, Co-founder and CTO of Ryder, added, “With Ryder One, we set out to make crypto feel natural and human— as easy as tapping your phone. By simplifying the overall experience and rethinking recovery, we’re opening the door for anyone, anywhere to truly and confidently own and use crypto.”
Tim Draper, Founder of Draper Associates and Satoshi Trillionaire, commented, “What the crypto industry needs more than anything right now are solutions that don’t require in-depth technical knowledge while maintaining high security standards. This is exactly what I saw in Ryder’s hardware wallet, with its minute-or-under setup and offline design that keeps users’ holdings safe.”
### Introducing TapSafe Recovery
Ryder One features TapSafe recovery, a robust and innovative recovery solution for crypto wallets. TapSafe backups are spread across mobile phones and coin-sized NFC Recovery Tags. To restore access to the wallet in the event of loss, these backups must be physically brought together.
TapSafe is redundant, self-custodial, and eliminates the single point of failure that has plagued seed phrases until now. Customers can safely create and back up their wallet using Ryder One within just 60 seconds.
Julien Neree, Chief Product Officer of Ryder, said, “Three years, countless iterations, one mission: to make self-custody effortless for everyone.”
### Looking Ahead
The Ryder team is expanding its vision to everyday use cases, enabling people to use cryptocurrency directly from their hardware wallet with Ryder’s companion app for tap-to-pay and other seamless, real-world transactions.
Ryder is guiding the future of how billions of people will use and integrate digital assets in their daily lives.
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### About Ryder
Ryder is transforming how people interact with crypto by creating world-class products that make it safer, simpler, and more social. The company’s flagship product, Ryder One, introduces a tap-based experience that makes securing and using crypto as simple as tapping a phone.
Ryder was co-founded by Louise Ivan Payawal and Marvin Janssen, both veterans in the crypto space, and joined by Julien Neree, who brings over ten years of consumer electronics experience. Ryder has received investments from Tim Draper of Draper Associates, Borderless Capital, Semantic Ventures, Smape, VeryEarly, Anatoly Yakovenko of Solana, Joe McCann of Asymmetric, and other leading crypto investors.
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https://usethebitcoin.com/crypto-live-feed/billionaire-tim-draper-leads-3-2m-seed-round-for-ryder-to-replace-seed-phrases-with-tapsafe-recovery/
