NFTfi
Cape Town, South Africa · Founded 2017 · $11.9M raised
- Headquarters
- Cape Town
- Employees
- 1–10
- Founded
- 2017
- Business Model
- Marketplace
- Website
- nftfi.com
- Total Funding
- $11.9M
- Last Round
- $6.0M Series ADec 2023
- Rounds
- 3
About
NFTfi is a Cape Town-based peer-to-peer NFT-collateralized lending protocol founded in 2017, enabling NFT holders to borrow ETH and other cryptocurrencies by using their ERC-721 tokens as collateral. Lenders set their own terms and the collateral is held in a secure smart contract for the duration of the loan, returning to the borrower upon repayment or to the lender upon default. The platform processed nearly $737M in lifetime loan volume across six years with zero security exploits, later evolving into an NFT lending aggregator before shutting down in 2026.
Summary
NFTfi is a Crypto & Web3 company based in Cape Town, South Africa, founded in 2017. It has raised $11.9M in total across 3 rounds, most recently a $6.0M Series A round in Dec 2023. Investors include 1kx, Placeholder VC and Sound Ventures.
Funding History
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Dec 2023
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Seed through Series A — per-round amounts, valuations, and who invested in each round.
Investors
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