- 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
