Teller Labs

Teller Labs, Inc.Founded in 2020 and headquartered in San Francisco, US, Teller Labs, Inc. offers a platform where users can engage in decentralized lending and borrowing.Teller’s primary offering is a decentralized finance (DeFi) platform that facilitates time-based loans for durations ranging from 1 to 30 days, utilizing any ERC20 token or NFT as collateral. The platform eliminates the risk of margin calls and price oracle dependency, allowing users to engage in lending and borrowing without the constant oversight typically required in volatile markets. By creating isolated escrow vaults for collateral, Teller ensures that the collateral remains safe as long as the loan is repaid on time. The service targets a diverse clientele, including individual borrowers, liquidity providers, and DeFi users who are looking to manage at-risk positions in fluctuating market conditions.Teller generates revenue through transaction fees associated with the lending and borrowing of cryptocurrencies on its platform. The transactions are structured around peer-to-peer lending, where borrowers can accept custom loan terms offered by lenders. Upon accepting a loan, the collateral is secured in an escrow vault while the lending token is transferred to the borrower, enabling immediate access to funds. The platform may charge fees based on the loan duration and terms, although specific pricing plans for individual services are not publicly detailed.In February 2022, Teller Labs, Inc. Teller aims to enhance its product offerings and broaden its footprint in the DeFi space by developing new features and services targeting emerging markets and regions. Specific markets for expansion are being evaluated, although details on targeted regions and timelines have not been disclosed.

1. Seed

   Jul 16, 2020

   Amount

   $1M

   Investors

   Locked