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NFTfi

Series A

NFTfi provides an online P2P marketplace for NFT-based lending, enabling users to borrow and lend by securing NFTs as collateral. Users provide ERC-721 tokens as collateral and request loans, with ETH paid upon acceptance and collaterals locked in smart contracts. Founded in 2017 in Cape Town, South Africa, the company has raised $15.0M in Series A funding from investors including Placeholder, Maven 11, Brevan…

FinTech · Cryptocurrencies, · Cape Town, South Africa · EST 2017

About

NFTfi provides an online P2P marketplace for NFT-based lending, enabling users to borrow and lend by securing NFTs as collateral. Users provide ERC-721 tokens as collateral and request loans, with ETH paid upon acceptance and collaterals locked in smart contracts. Founded in 2017 in Cape Town, South Africa, the company has raised $15.0M in Series A funding from investors including Placeholder, Maven 11, Brevan Howard, and Kleiner Perkins. Provider of an online platform for NFT-based lending. It offers a P2P marketplace that enables users to borrow and lend by securing NFTs as collateral. Users can provide ERC-721 tokens as collateral and request loans. Once accepted, ETH is paid to the users and the collaterals are locked in the NFTfi smart contract.

Business model

Alternative Lending > Online Lenders > Consumer Loans > Asset Backed Loans > Digital Assets > NFT > Marketplace,

Cryptocurrencies > Financial Services > Lending > Consumer Loans > Point of Sale Financing > For NFTs

Founders & team highlights

Founder with Prior Funding,

Serial Founder

Team background

Top Rated Teams > Serial Entrepreneur

Institutional investors

PlaceholderMaven 11Launch LabsKahuna VenturesBrevan HowardThe LAOCypher CapitalLongHashReciprocal VenturesA.Capital VenturesBlockAccelerateCoinFundCollab+CurrencyAnimoca Brands1kx

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