# NFTfi: Financial services, Cape Town, South Africa

> NFTfi: NFTfi is a peer-to-peer decentralized liquidity protocol that enables NFT holders to borrow cryptocurrency by using their non-fungible tokens as...

Source: https://millionrounds.com/startup/nftfi (Millionrounds; every figure on the page links to its filing or article)

South Africa · [Financial services startup](https://millionrounds.com/companies)

# NFTfi

NFTfi is a peer-to-peer decentralized liquidity protocol that enables NFT holders to borrow cryptocurrency by using their non-fungible tokens as collateral.

Funding reported Last round: Series A

Financial services Cape Town, South Africa

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Company summary

- **Founded:** 2017 9 years old
- **Team:** 9 1 to 10 people
- **Funding reported:** 11.9M as listed, currency not stated
- **Last round:** Series A Mar 2024

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for NFTfi has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About NFTfi

NFTfi is a peer-to-peer decentralized liquidity protocol that enables NFT holders to borrow cryptocurrency by using their non-fungible tokens as collateral.

Founded in 2020 by Jonathan Gabler and Stephen Young, the company operates a permissionless marketplace where borrowers can list their NFTs and receive loan offers from lenders. NFTfi is headquartered in Tortola, British Virgin Islands, and has raised over $11 million in funding. The platform allows users to borrow cryptocurrencies like wrapped ether (wETH), USDC, and DAI by locking their ERC-721 NFTs as collateral. It features fixed-term loans with no auto-liquidations, reducing the risk of sudden asset loss. Borrowers can also renegotiate loan terms if needed and can take loans against bundles of multiple NFTs. NFTfi serves a diverse clientele, including NFT collectors, artists, institutions, and liquidity providers, facilitating access to funds without the need to sell valuable digital assets.

## What company datasets say NFTfi raised

Funding, as reported

Reported in all **11.9M** in the source's currency

Rounds **3**

Last round **Series A**

Last round size **6M**

Last round date **Mar 2024**

Investors listed **21**

## On 4 portfolio pages

Investors who name them

- [A.Capital Ventures](https://millionrounds.com/fund/a-capital-ventures)
- [Reciprocal Ventures](https://millionrounds.com/fund/reciprocal-ventures)
- [very early Ventures](https://millionrounds.com/fund/very-early-ventures)
- [Bloccelerate VC](https://millionrounds.com/fund/bloccelerate-vc)

Each firm lists NFTfi on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

blockchain decentralized finance smart contracts reserve nft loan transparency nft liquidity protocol security audits information technology & services financial services finance nft collateral usdc loans fixed loan terms dai loans nft loan interest rates b2c

Built with from their website

PWA Google Workspace CloudFlare Viewport Meta MongoDB PostgreSQL Tinybird Google Meet CloudFlare CDN Cloudflare Insights

+8 more

Mobile Friendly Open Graph Netlify RabbitMQ MailerLite TypeScript Redis Cloudflare DNS

- **Sector:** Financial services
- **Industry code:** NAICS 52232, 522310, SIC 6211
- **Region:** Western Cape
- **Revenue:** 700k a year, as listed
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/nftfi)

## Financial services in South Africa

Startups like it

- [**Naked** Johannesburg · founded 2016 *Raised*](https://millionrounds.com/company/naked)
- [**Yoco** Cape Town · founded 2015 *Raised*](https://millionrounds.com/company/yoco)
- [**littlefish** Johannesburg · founded 2023 *Raised*](https://millionrounds.com/company/littlefish)
- [**Jem** Cape Town · founded 2020 *Raised*](https://millionrounds.com/company/jem)
- [**Sourcefin** Sandton · founded 2020 *Raised*](https://millionrounds.com/company/sourcefin)
- [**Happy Pay** Cape Town · founded 2021 *Raised*](https://millionrounds.com/company/happy-pay)
- [**NjiaPay** Cape Town · founded 2024 *Raised*](https://millionrounds.com/company/njiapay)
- [**Orca Fraud** Cape Town · founded 2024 *Raised*](https://millionrounds.com/company/orca-fraud)

## Is this your company?

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