# Loda Finance

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/loda-finance-pty

- Industry: Financial Services
- Headquarters: Brisbane, Australia
- Website: www.loda.finance
- Total disclosed funding: $15M
- Latest round: Seed (Jul 30, 2021)
- Investors on record: 13

## About

Based in Queensland, Australia, and founded in 2020, Loda Finance Pty Ltd, also known as Loda.fi or Loda operates as a crypto-collateralized lending platform, that allows consumers to borrow money using their crypto assets as collateral. In July 2021, the firm raised USD 15 million in seed funding from new investors Cluster Capital Partners, Dao Ventures, Framework Ventures, with participation from other investors. As of March 2022, the company is being led by its founder and CEO, Dion Dalton-Bridges.

Loda is a Decentralized-Finance (De-Fi) platform that provides users with quick and easy access to crypto-collateralized financial loans. The company's platform allows customers to borrow money ranging from USD 2,500 to USD 250,000 at a low-interest rate based on a credit line generated by valuing their assets, and consumers can obtain their crypto assets back within 1-2 days after successful loan repayment. The company accepts a variety of assets as collateral, including Bitcoin, Ethereum, USD Coin, Tether, Dai, and Compound, among others.

## Funding rounds

- Seed, Jul 30, 2021, $15M — Cluster Capital Partners, The Spartan Group, Gleneagle Asset Management, Signum Capital, LedgerPrime, Maven11 Capital, Framework Ventures, Pnyx Ventures, Mechanism Capital, X21 Digital, Orthogonal Trading, Dao Ventures, One Block Capital

## Investors

- Cluster Capital Partners — Seed
- The Spartan Group — Seed
- Gleneagle Asset Management — Seed
- Signum Capital (https://capitalatlas.ai/funds/signum-capital) — Seed
- LedgerPrime — Seed
- Maven11 Capital (https://capitalatlas.ai/funds/maven11-capital) — Seed
- Framework Ventures (https://capitalatlas.ai/funds/framework-ventures) — Seed
- Pnyx Ventures (https://capitalatlas.ai/funds/pnyx-ventures) — Seed
- Mechanism Capital (https://capitalatlas.ai/funds/mechanism-capital) — Seed
- X21 Digital (https://capitalatlas.ai/funds/x21-digital) — Seed
- Orthogonal Trading — Seed
- Dao Ventures (https://capitalatlas.ai/funds/dao-ventures) — Seed
- One Block Capital (https://capitalatlas.ai/funds/one-block-capital) — Seed