Teller Raises $6.85M in Funding
- Teller, a San Francisco, CA-based DeFi protocol that enables unsecured digital asset lending and borrowing, received a $6.85m strategic funding round
- The round was led by Blockchain Capital with participation from Franklin Templeton, Toyota Ventures, Bessemer Venture Partners, Upstart, Signum Capital
- The company is a market participant-driven DeFi (“Decentralized Finance”) protocol that enables unsecured digital asset lending and borrowing
- The protocol accomplishes this through an open order book model that allows participants to share commonly used off-chain data with on-chain loan requests
- Marketplaces and lending platforms can integrate the Telle r Protocol to fill loan requests, allowing lenders to decide what loans to fill based on the appended borrower data
