FinTechFunding

RociFi: Raises $2.7M in Seed Funding

RociFi Raises $2.7M in Seed Funding

  • RociFi, a Pittsburgh, PA-based decentralized zero and under-collateralized lending protocol, raised $2.7M in Seed funding
  • Backers in the round, closed in November 2021, included from Arrington, Goldentree, Nexo, LD Capital and Skynet Trading
  • The company intends to use the funds to expand the team, take the product to market, increase the size of the engineering team and launch the protocol
  • The company has developed a protocol that leverages on-chain data, machine learning and decentralized identity data to facilitate undercollateralized loans via the blockchain
  • The company is currently in testnet and anticipates a phased, full-scale launch to mainnet by quarter two of this year, running as a fully decentralized, permissionless entity
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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