The Binance Mafia

June 12, 2024
Tech Mafias

Founded in July 2017 by Changpeng Zhao (CZ) and Yi He, Binance quickly became the world's largest cryptocurrency exchange by trading volume. Initially based in China, it moved operations to various crypto-friendly jurisdictions. Binance raised $15 million through an ICO, issuing its own token, Binance Coin (BNB), for discounted transaction fees and other uses.

The platform offers trading for over 500 cryptocurrencies, educational resources via Binance Academy, and supports blockchain startups through Binance Labs. Despite regulatory challenges, Binance has implemented strong compliance measures and remains committed to increasing financial accessibility and usability through blockchain technology.

Changpeng Zhao

The Binance Mafia

The Binance Mafia has founded 11 companies and raised $130M.

PS: Are you an Binance Mafia member interested in bringing your community together to invest in innovative ventures (and enjoy potential profits and other perks along the way)? Or perhaps you're part of another dynamic group that could be a fantastic source of startup investments?

😉 Then sign up to our waitlist

List of All the Amazing Companies Covered:

  • Espresso Systems
  • Biconomy
  • Morph
  • Onramper
  • Reflexer Labs
  • Gameta
  • Sleek
  • Crowdfire
  • Maqui
  • Partna

Espresso Systems

Founder: Charles Lu

Binance Role: Binance Labs

Capital Raised: $63.1M

Investors: Sequoia Capital

Stage: Series B

Espresso Systems provides scaling and privacy systems for Web 3 applications.


Founder: Aniket Jindal

Binance Role: Marketing

Capital Raised: $22M

Investors: Bain Capital Ventures

Stage: Initial Coin Offering

Biconomy is a technology company building transaction infrastructure for next-generation Web 3 applications.


Founder: Azeem Khan

Binance Role: Judge - Build The Block

Capital Raised: $20M

Investors: Dragonfly

Stage: Seed

Morph is a fully permissionless EVM L2 that uses a combination of optimistic and zero-knowledge rollup technology.


Founder: Salah Karim Abdelbaki

Binance Role: Fellow

Capital Raised: $6M

Investors: EQT Ventures

Stage: Seed

Onramper is an app that allows users to convert fiat currency into cryptocurrency.

Reflexer Labs

Founder: Stefan Ionescu

Binance Role: Researcher

Capital Raised: $5.8M

Investors: True Ventures

Stage: Seed

Reflexer Labs is a new decentralized finance project aimed at softening volatility.


Founder: Leon Lee

Binance Role: Senior Vice President Of Products

Capital Raised: $5M

Investors: Ceras Ventures

Stage: Seed

Gameta is a web3 company.


Founder: Chase Guo

Binance Role: Director

Capital Raised: $5M

Investors: Beacon

Stage: Seed

Sleek is a Hong Kong-based Web3 social networking platform that revolutionizes authentic human connection in the digital age.

Founder: Karol Stanczak

Binance Role: Ambassador Program Manager

Capital Raised: $3.3M

Investors: GBV Capital

Stage: Venture - Series Unknown

Lewk enhances creators’ ability to generate great content and boost the efficiency of their social media profiles.


Founder: Siddharth Menon

Binance Role: WazirX India COO

Capital Raised: $2.5M

Investors: Kalaari Capital

Stage: Series A

Crowdfire helps you discover and schedule content, and manage all your social accounts from one place.


Founder: Andrés Londoño Hincapie

Binance Role: Operations Manager - Colombia

Capital Raised: $1.5M

Investors: Marathon Ventures

Stage: Pre-Seed

Maqui is a business-to-business platform helps garment brands in improving supply chain management by reducing manufacturing waste.


Founder: Bashir Aminu

Binance Role: Head of Africa - Binance P2P

Capital Raised: $1.1M

Investors: Y Combinator

Stage: Seed

Partna is a fintech company that offers a global payment platform for B2B companies.

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