Strip Finance
Latest round
- Seed
Last raised
- Sep 2021
Total raised
- $0.5M
Investors
- 8
About Strip Finance
Founded in 2021 and headquartered in Hyderabad, India, Strip Finance offers a platform for NFT collateralization.Strip Finance specializes in providing a decentralized peer-to-peer marketplace focused on NFT collateralization, enabling users to leverage their non-fungible tokens as collateral for loans. This primary offering allows NFT collectors to borrow against their assets at fair interest rates, addressing liquidity challenges in the growing NFT market.The revenue model of Strip Finance revolves around transaction fees incurred during the lending and borrowing processes facilitated on its platform. When users borrow against an NFT, the borrower provides collateral in the form of an NFT, appraised to establish its market value. The company charges a transaction fee based on the loan amount and agreed-upon interest rates. Additionally, Strip Finance may generate revenue through partnerships with various NFT marketplaces, where asset prices for collateralized NFTs are sourced. The company aims to expand its product offerings, exploring new functionalities and services in the NFT space. Strip Finance is also targeting expansion into new markets, particularly focusing on regions with burgeoning blockchain activities, aiming for increased presence by 2023.
Who invested in Strip Finance
8 investors across 1 round
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Funding rounds
Seed
Sep 30, 2021
Amount
$0.5M
Investors
Questions about Strip Finance
Who invested in Strip Finance?
Strip Finance has 8 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Strip Finance raised?
Strip Finance has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Strip Finance last raise money?
Strip Finance's most recent round on record is a Seed, in Sep 2021.
What does Strip Finance do?
Founded in 2021 and headquartered in Hyderabad, India, Strip Finance offers a platform for NFT collateralization.
Where is Strip Finance headquartered?
Strip Finance is headquartered in Hyderabad, India.
Which VCs invest in companies like Strip Finance?
Among active investors with capital left to deploy, 360 ONE, Gopher Asset Management, DSC Investment and Stellaris Venture Partners back financial services companies at Strip Finance's stage. Their profiles are linked below.
VCs backing financial services startups at Seed
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