Friday, May 14, 2021

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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

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