About Hivello

We are dedicated to simplifying DePIN nodes for the masses, aiming to break down the complex barriers often associated with decentralized networks and making them more accessible and user-friendly for everyone.

We are in the process of building a radically simple desktop app. This app is designed to empower users by enabling them to earn a passive income simply by contributing their computer resources. This innovative approach not only benefits the users but also strengthens the overall network.

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What we are building

We are unlocking a new way for people to take part in web3 projects and earn passive income - no blockchain experience necessary. Our technology enables users to install an app on their physical devices like computers, routers, modems and storage nodes; by contributing resources they can start mining DePIN (Decentralised Physical Infrastructure Networks) protocols for Web3 applications without any specialized technical knowledge.


Meet our team


Andrew Smith

Co-founder & CEO

15+ years in online, mobile and FinTech business. Previously co-founder & Director of European Operations for Banxa; beginning in Australia in 2014 and exiting the business in 2021 as a TSX-listed fintech.

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Domenic Carosa

Co-founder & chairman

25+ years of combining business and technology. Founder & Chairman of TSX listed fintech Banxa Holdings, Co-Founder of Apollo Crypto. Invested in over 50 technology based companies via venture fund Dominet Venture Partners.

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Arthur Layese

Lead developer

19+ years in software engineering & a Masters in IT, specializing in networking, high throughput transactional systems & HealthTech.

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Our greatest milestones

  • January 2022

    Hivello Was Founded

    Our founders self-financed the pilot deployment of Helium (IoT DePIN) hotspots in the Netherlands, with a dual payout system supporting both traditional and cryptocurrency.

  • June 2022

    Hivello MVP

    Successfully developed the MVP for Hivello’s fleet/device management platform, in addition to our customer acquisition platform. Furthermore, expanded our reach by deploying hotspots across 13 European Union countries.

  • December 2022

    Hardware to Software

    Pivoted from mining hardware to mining software, commenced work on commercialising platform. Built MVP for backend mining management platform.

  • May 2023

    Early Version Demo

    An early version was showcased at Bitcoin Miami 2023, with over 15,000 attendees, including representatives from 2,000 companies, 200 sponsors, and 150 speakers.

  • December 2023

    $1m USD Funding

    Closed a USD $1 million seeding funding round.

  • January 2024

    $2.5m USD Funding

    On the back of strong demand, closed an additional USD $1.5 million in funding. 

  • April 2024

    Beta testing

    Hivello starts testing with Beta user group.

  • June 2024

    Launching at Consensus 2024

    We are sponsoring and launching our app at the Coindesk’s Consensus 2024 event in Austin, Texas.

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