How much funding has Term Finance raised?

Term Finance has raised $2.5M in total funding, most recently a Seed round.

Who are Term Finance's investors?

Term Finance's investors include Electric Capital, Coinbase Ventures, Circle Ventures, Robot Ventures.

When was Term Finance founded?

Term Finance was founded in 2022.

What industry is Term Finance in?

Term Finance operates in Crypto & Web3, Fintech.

How many employees does Term Finance have?

Term Finance has 1-10 employees.

Term Finance

Fixed-rate crypto lending and borrowing via on-chain auctions

Founded 2022 · $2.5M raised

Crypto & Web3

Fintech

Employees: 1–10
Founded: 2022
Business Model: B2C
Website: term.finance

Total Funding: $2.5M
Last Round: $2.5M SeedFeb 2023
Rounds: 1

About

Term Finance is a noncustodial decentralized lending protocol on Ethereum that enables fixed-rate, fixed-term borrowing and lending via weekly on-chain auctions. Rather than relying on variable interest rates, Term Finance uses a Dutch auction model to determine a single market-clearing rate for each term, giving borrowers and lenders certainty on their cost of capital or yield. The protocol supports a variety of loan terms up to one year and holds a DeFi Safety score of 93%, reflecting extensive smart contract auditing.

Summary

Term Finance is a Crypto & Web3 company, founded in 2022. It has raised $2.5M in total across 1 round, most recently a $2.5M Seed round in Feb 2023. Investors include Electric Capital, Coinbase Ventures and Circle Ventures.