# NIFTEX.com

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/niftex-com

- Industry: Financial Services
- Headquarters: Singapore, Singapore
- Website: www.niftex.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Nov 9, 2020)
- Investors on record: 5

## About

NIFTEX.com is a digital platform specializing in the fractional trading of non-fungible tokens (NFTs), enabling users to buy, sell, or invest in shares of unique digital assets.Founded in 2020 by Joël Hubert and Mark Le, NIFTEX.com operates from Singapore and focuses on facilitating fractional ownership of NFTs. The company raised USD 0.5 million in Seed funding on November 9, 2020, led by 1kx, with participation from CoinFund Management, Digital Currency Group, MetaCartel Ventures, and SPARQ.NIFTEX.com provides a platform that allows users to trade fractions of NFTs, making it easier for both individual and institutional investors to engage with digital art and collectibles. This innovative service promotes liquidity in the NFT market, enabling users to buy, sell, and invest in various digital assets without needing to purchase the entire item.The company generates revenue through transaction fees associated with the fractional trading of NFTs. This includes fees for trading fractions of NFTs, ensuring that users can efficiently engage in the buying and selling process. The platform's user-friendly interface encourages participation, with transaction pricing integrated into the trading process.Following its recent Seed funding round in November 2020, NIFTEX.com plans to further enhance its platform by developing additional features aimed at improving user experience and expanding its market reach. The company is focused on launching new products tailored to various user needs, with strategic plans to enter new geographic markets in Asia and North America by 2022. The funds raised will support these initiatives, ensuring that NIFTEX.com can enhance its offerings and improve operational capabilities.

## Funding rounds

- Seed, Nov 9, 2020, $0.5M — Digital Currency Group, SPARQ, 1kx Ventures, MetaCartel Ventures, CoinFund Management

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- SPARQ — Seed
- 1kx Ventures (https://capitalatlas.ai/funds/1kx-ventures) — Seed
- MetaCartel Ventures (https://capitalatlas.ai/funds/metacartel-ventures) — Seed
- CoinFund Management (https://capitalatlas.ai/funds/coinfund-management) — Seed