NFTfi
OperatingNFTfi is a simple marketplace for NFT collateralized loans.
- Financial Services
- Cape Town, South Africa
- Seed
- Founded 2017
- nftfi.com ↗
- Total raised
- $5M
- disclosed
- Last round
- $5M
- Seed
- Rounds
- 1
- since 2017
- Investors
- 5
- on record
- Employees
- 2-10
About NFTfi
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. Borrowers : Use your NFT's as collateral Put any ERC-721 token up for collateralization. Other users can now offer you a loan. If you accept a loan, the ETH gets paid out from the lenders account to you, and your NFT gets locked in the NFTfi smart contract. Once you repay the loan the asset will be transferred back to you. If you don’t pay back the total repayment amount before the due date, the asset will be transferred to the lender. Lenders : Get attractive returns Browse your favourite NFTs like Gods Unchained, Decentraland, Cryptovoxels, Cryptokitties or any other NFT and offer loans on assets you’re happy to back. Worst case: the borrower defaults and you get the asset. Small, short term loans to other people can offer attractive returns. Make sure you understand the assets you are offering loans on, and are happy to accept the collateral if the lender defaults.
NFTfi funding1 round
NFTfi has raised $5M across 1 disclosed round. The latest is a $5M Seed announced 16 Nov 2021, led by 1kx.
Who has invested in NFTfi
| Announced | Round | Lead · investors | Amount |
|---|---|---|---|
| 16 Nov 2021 | NFTfi Seed | 1kx +4 | $5M |
NFTfi founders & team
- Stephen YoungFounder and CEO
- Sarah-Jane (Morgan) PowellCOO
NFTfi competitorssame sector · similar funding
More Financial Services startups in South Africa
- TaxTim
TaxTim simplifies South African tax filing through conversational guidance, automation, and SARS integration. · South Africa
- VantagePay
VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services and Consumer Product Industries. · South Africa
- Abela
Abela is a QR enabled payments platform that allows anyone with a cellphone the ability to earn, spend and save their money. · South Africa
- Whoosh
Whoosh is a Payment gateway service provider allowing merchants to process transactions · South Africa
- Entersekt
Entersekt is a single authentication hub allowing consumers to transact securely and easily on any digital channel, from any device. · South Africa
- SwitchPay
SwitchPay is an alternative payment provider offering both merchants and consumers a new way to pay. · South Africa
Frequently asked about NFTfi
- Where is NFTfi based and when was it founded?
- NFTfi is headquartered in Cape Town, South Africa and was founded in 2017.
- Who founded NFTfi?
- NFTfi was founded by Stephen Young (Founder and CEO).
- Who is the CEO of NFTfi?
- Stephen Young is NFTfi's Founder and CEO.
- How much funding has NFTfi raised?
- NFTfi has raised $5M across 1 disclosed round. Its latest, a $5M Seed, was announced on Nov 16, 2021.
- Who has invested in NFTfi?
- Backers include 1kx, Sound Ventures, Maven 11, Scalar Capital and 1 other.
- What sector is NFTfi in?
- NFTfi operates in Financial Services, FinTech and Blockchain.
