FundedIQ
Commerce and Shopping

NFTfi

NFTfi is a platform where NFT owners can use their NFT assets as collateral to borrow cryptocurrency from lenders or lend to other users. This allows NFT holders to access funds by pledging their NFTs as collateral. When a loan offer is accepted, the NFT is held in a secure escrow smart contract and the cryptocurrency is sent directly to the borrower's wallet. The assessment of the NFT's value for the loan follows a similar process used in the traditional art world, where institutions such as banks, galleries, or auction houses offer loans to artists based on the value of their art.

nftfi.com Cape Town, South Africa 11-50 employees
Total raised
$11.0M
Latest round: +120% of prior total
Rounds
2
Latest
Mar 2024

NFTfi is a platform where NFT owners can use their NFT assets as collateral to borrow cryptocurrency from lenders or lend to other users. This allows NFT holders to access funds by pledging their NFTs as collateral. When a loan offer is accepted, the NFT is held in a secure escrow smart contract and the cryptocurrency is sent directly to the borrower's wallet. The assessment of the NFT's value for the loan follows a similar process used in the traditional art world, where institutions such as banks, galleries, or auction houses offer loans to artists based on the value of their art.

NFTfi has raised $11.0M across 2 rounds. Full funding history, investors, and team are detailed below.

Funding history

2 rounds · 1 visible Unlock with plan

2 rounds on record — latest round shown, the rest unlock with a paid plan.

Date
Round
Amount
Lead investor
Mar 11, 2024
$6.0M

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People

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