# Port Finance

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

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.port.finance
- Total disclosed funding: $1.2M
- Latest round: Seed (Jul 27, 2021)
- Investors on record: 8

## About

Based in New York, US and founded in 2021 by Gabriel Wong (CEO), Port Finance is a decentralized finance (Defi) system that runs on the Solana blockchain and provides a full range of Defi product. In December 2021, Port Finance raised USD 5.3 million in venture funding led by Alameda Research, with participation from Spartan Group, Brevan Howard, and a41 Ventures.

Port Finance is an unsupervised money market protocol built on the Solana blockchain, with the primary goal of offering a full set of interest rate products like as variable rate lending, fixed-rate lending, and interest rate swaps. The variable rate lending product offers flexible interest rates based on supply and demand, cross-collateral lending, and flash loans. In contrast, the fixed-rate lending product employs the zero coupon bond model, allowing lenders to offer fixed-rate loans with defined terms. The company provides to be the liquidity gateway for the Solana DeFi ecosystem, providing easier user interfaces, lower collateral requirements, and liquidation criteria that can be adjusted based on fluctuations and liquidity.

## Funding rounds

- Seed, Jul 27, 2021, $1.2M — Jump Capital, Valhalla Capital Group, GSR, Rarestone Capital, Alliance, Solanium, Mercurial Advisory, Raydium Corp.

## Investors

- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Seed
- Valhalla Capital Group — Seed
- GSR — Seed
- Rarestone Capital (https://capitalatlas.ai/funds/rarestone-capital) — Seed
- Alliance (https://capitalatlas.ai/funds/alliance) — Seed
- Solanium — Seed
- Mercurial Advisory — Seed
- Raydium Corp. — Seed