FinTechFunding

Notional Finance: Closes $10M Series A Funding Round

  • Notional Finance, a New York, NY – based leader in fixed interest rate borrowing and lending on Ethereum, closed a $10M Series A funding round
  • The round was led by Pantera Capital with participation from Parafi Capital, 1Confirmation, Spartan Group, Nascent, Nima Capital, and others
  • The company intends to use the funds to build a team of finance and technology experts and to build new products
  • Led by Teddy Woodward, CEO & Co-Founder, Notional isa fully decentralized ethereum-based protocol for borrowing and lending at fixed rates
  • In the three months since launching in mid-January 2021, the protocol has attracted more than $17M in TVL and executed $9.5M in loans
  • Notional users are borrowing against their crypto to invest in their businesses, purchase land, and ditch their mortgage altogether by becoming their own lender
Previous article
Rho Technologies: Raises $100M in Financing
Next article
TravelPerk: Raises $160M in Series D Funding
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.

You May Also Like

FinTech

Cross River Bank Raises $50 Million to Accelerate Growth

The funding will enhance Cross River Bank's financial technology services.Highlights: Cross River Bank has raised $50 million in...
FinTech

Kulipa Secures $62M to Enhance Stablecoin Card Issuing Infrastructure

Funding aims to strengthen cryptocurrency card services in the growing fintech market.Highlights: Kulipa raises $62M to enhance its...
FinTech

Visa Launches AI-Powered Dispute Resolution Tools

New tools aim to streamline resolution of payment disputes.Highlights: Visa introduces AI tools for payment dispute resolution.The new...
FinTech

UK Fintechs Vibepay and SmartLayer Shut Down

Both companies cease operations amidst challenging market conditions.Highlights: Vibepay and SmartLayer have officially ceased operations.The closures are attributed...