NFTfi - About the company
NFTfi is a series A company based in Cape Town (South Africa), founded in 2017 by Stephen Young. It operates as a Provider of an online platform for NFT-based lending. NFTfi has raised $15M in funding from investors like Animoca Brands, CoinFund and 1kx. The company has 66 active competitors, including 31 that are funded. Its top competitors include companies like Centrifuge, Arch and Gondi.
Company Details
Provider of an online platform for NFT-based lending. It offers a P2P marketplace that enables users to borrow and lend by securing NFTs as collateral. Users can provide ERC-721 tokens as collateral and request loans. Once accepted, ETH is paid to the users and the collaterals are locked in the NFTfi smart contract.
- Website
- nftfi.com
Key Metrics
Founded Year
2017
Location
Cape Town, South Africa
Stage
Series A
Total Funding
$15M in 4 rounds
Latest Funding Round
Investors
Ranked
5th among 66 active competitors
Employee Count
12 as on Mar 31, 2026
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NFTfi's funding and investors
NFTfi has raised a total funding of $15M over 4 rounds. Its first funding round was on Feb 25, 2021. NFTfi has 22 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of NFTfi:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jun 10, 2024 | 6662307 | ICO | 1514655 | 8689756 | 5773490 | 3675019 |
Mar 12, 2024 | 4225272 | Series A | 6465351 | 9540636 | 6897976 | |
Nov 16, 2021 | 1269049 | Series A | 1716147 | 4885045 |
View details of NFTfi's funding rounds and investors
NFTfi's founders and board of directors
Founder? Claim ProfileThe founders of NFTfi is Stephen Young.
Here are the details of NFTfi's key team members:
- Stephen Young: Founder & CEO of NFTfi and founder of 1 other company. They are also an angel investor in 2 startups and serve on the board of 1 company.Contact Info: 1 email address
View details of NFTfi's Founder profiles and Board Members
NFTfi's employee count trend
NFTfi has 12 employees as of Mar 26. Here is NFTfi's employee count trend over the years:
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NFTfi's Competitors and alternates
Top competitors of NFTfi include Centrifuge, Arch and Gondi. Here is the list of Top 10 competitors of NFTfi, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Centrifuge 2017, San Francisco (United States), Series A | Provider of the decentralized platform to connect the financial supply chain | $27.1M | 68/100 | |
2nd | Arch 2019, Charlotte (United States), Seed | Online platform for the financialization of crypto and NFT assets | $7.75M | 55/100 | |
3rd | Gondi 2023, New York City (United States), Seed | Decentralized non-custodial NFT lending protocol | $5.35M | 48/100 | |
4th | Online platform for training in cryptocurrency games | $5M | 48/100 | ||
5th | NFTfi 2017, Cape Town (South Africa), Series A | Provider of an online platform for NFT-based lending | $15M | 47/100 | |
6th | MetaStreet 2021, Boston (United States), Series A | P2P liquidity platform for NFT collateral | $49.1M | 46/100 | |
7th | Rikkei Finance 2021, Vietnam, Series A | Online platform for asset-backed lending | $5.6M | 42/100 | |
8th | MetaLend 2021, Santa Monica (United States), Seed | Online lending platform for crypto loans backed by NFTs | $5M | 40/100 | |
9th | Provider of a real-time NFTs loan platform | $4.39M | 39/100 | ||
10th | Arcade 2021, Los Angeles (United States), Series A | Provider of online financialization solutions for NFTs | $17.7M | 39/100 |
Looking for more details on NFTfi's competitors? Click here to see the top ones
NFTfi's Investments and acquisitions
NFTfi has made no investments or acquisitions yet.
Reports related to NFTfi
Here is the latest report on NFTfi's sector:
News related to NFTfi
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NFT lending protocol NFTFI raises $6 million in Series A1 fundingcrast.net•Mar 12, 2024•Reciprocal Ventures, NFTfi, Maven 11, Launch Labs and 9 others
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NFTfi Partners With Safe To Create First NFT Rights Management WalletBlockworks•Aug 17, 2022•NFTfi, Gnosis
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NFTfi , an NFT Marketplace for Collateralized Loans, Raises $5 MillionCrowdfund Insider•Nov 16, 2021•NFTfi, 1kx, Sound Ventures, Maven 11 and 3 others
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