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NFTfi secured $6M in Series A funding led by Placeholder VC to enhance its platform for NFT lending and borrowing.

Mar 12, 2024•almost 2 years ago

Amount Raised

$6 Million

Round Type

series a

Cape TownFinancial Services

Investors

Longhash VenturesCypher CapitalBloccelerateHashA Capital VenturesReciprocalThe LaoBrevan HowardKahuna VenturesLaunch Labs IncMaven 11Placeholder Vc

Description

NFTfi has successfully completed its Series A funding round, raising $6 million, led by Placeholder VC and participated in by various institutional investors. The company plans to use the funds to introduce support for manual peer-to-peer loans and expand the features of its software development kit (SDK) to improve liquidity and user experience.

Company Information

Company

NFTfi

Location

Cape Town, Western Cape, South Africa

About

NFTfi.com is a simple marketplace for NFT collateralized loans that allows you to put your NFT assets up as collateral for a loan, or offer loans to other users on their non-fungible tokens.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers