# Notional Finance

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

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.notional.finance
- Total disclosed funding: $10M
- Latest round: Series A (Apr 29, 2021)
- Investors on record: 6

## About

Notional Finance is a decentralized finance platform that specializes in lending and leveraged yield strategies, providing users with the ability to earn interest and secure fixed-rate loans efficiently.Founded in 2020 and headquartered in New York, US, Notional Finance operates in the decentralized finance sector, focusing on fixed-rate borrowing and lending on Ethereum. The company was established by Jeff Wu and Teddy Woodward. In April 2021, Notional Finance raised USD 10.00 mn in a Series A funding round led by Pantera Capital, with participation from 1Confirmation, Nascent, Nima Capital, ParaFi Capital, and The Spartan Group. This funding round represents the total amount raised to date, indicating a successful initiative to secure investment for growth.Notional Finance offers innovative solutions within the decentralized finance (DeFi) sector, focusing primarily on lending and leveraged yield strategies. Their core product is a platform that enables users to deposit assets to earn interest, secure fixed-rate loans, and engage in borrowing activities for investment purposes. This system facilitates the locking in of borrowing costs for several months, providing users stability and predictability in financial planning. Notional's offerings cater to a diverse client base that includes individual investors, institutional traders, and DeFi enthusiasts across global markets, particularly in North America and Europe. The platform emphasizes composability and user experience, addressing the need for reliable yield generation and transparent borrowing mechanisms in a rapidly evolving financial landscape.Notional Finance generates revenue through transaction fees associated with its lending and borrowing services. Users deposit cryptocurrencies into the platform, earning interest while simultaneously having the option to borrow against their collateral. The structure of these transactions typically involves users paying interest to Notional on borrowed funds, which can be reinvested into various DeFi yield strategies. This model allows Notional to capture a portion of the earned interest from deposits and generates income through fees related to fixed-rate lending activities, supporting a sustainable revenue stream as users engage with Notional's flagship offerings in the DeFi ecosystem.Following the Series A funding round completed on April 29, 2021, Notional Finance aims to utilize the USD 10.00 mn raised to build a world-class team of finance and technology experts, enhancing its capabilities in fixed interest rate borrowing and lending on Ethereum. The company is also working on developing new products to expand its services, targeting specific markets in North America and Europe for further growth. The focus will be on enhancing the platform's user experience and composability, with the expectation of launching these initiatives in the upcoming quarters.

## Funding rounds

- Series A, Apr 29, 2021, $10M — The Spartan Group, Pantera Capital, 1Confirmation, Nima Capital, Nascent, ParaFi Capital

## Investors

- The Spartan Group — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- 1Confirmation (https://capitalatlas.ai/funds/1confirmation) — Series A
- Nima Capital — Series A
- Nascent (https://capitalatlas.ai/funds/nascent) — Series A
- ParaFi Capital (https://capitalatlas.ai/funds/parafi-capital) — Series A