Notional Finance

company

About

Notional is a fixed rate and fixed term crypto lending and borrowing protocol.

  • 1 - 10

Details

Last Funding Type
Series A
Last Funding Money Raised
$10M
Industries
Consumer Lending,Financial Services,FinTech,Lending
Founded date
Jan 1, 2020
Number Of Employee
1 - 10
Operating Status
Active

Notional is a decentralized protocol for fixed rate, fixed term lending and borrowing of crypto assets on Ethereum. Users can lend or borrow stablecoins at fixed rates of interest for terms of up to six months using a variety of assets as collateral. Notional achieves fixed rate lending via a primitive called fCash, which is redeemable for an underlying currency like DAI upon the fCash token’s maturity date. Notional operates specialized liquidity pools that allow users to efficiently trade cash for fCash and vice versa. The exchange rate that a user receives on their trade implies a fixed rate of interest from the time of trade until the fCash token’s maturity.

Notional is flexible and configurable. The protocol can add additional assets for lending and borrowing, additional collateral types, and additional maturities beyond six months. The community intends to broaden Notional’s scope over time to include a wider array of supported assets and extended available maturities.

Notional prioritizes security. The protocol team works with industry leaders to ensure that the smart contracts are technically secure and that the economic assumptions applied in the protocol’s design are sound.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$11.30M
Notional Finance has raised a total of $11.30M in funding over 2 rounds. Their latest funding was raised on Apr 29, 2021 from a Series A round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Apr 29, 2021 Series A $10M 3 Pantera Capital Detail
Oct 26, 2020 Seed $1.30M 1 Detail
May 6, 2020 Seed 1 Detail

Investments

Number of Investments
Number of Lead Investments
1
0
Notional Finance has made 1 investments. Their most recent investment was on Sep 1, 2021, when Cider Security raised 0.
Date Company Name
Round Money Raised Industry Lead Investor
Sep 1, 2021 Cider Security
Convertable Note Computer

Investors

Number of Lead Investors
Number of Investors
1
4
Notional Finance is funded by 4 investors. Pantera Capital and ParaFi Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Pantera Capital Yes Series A
ParaFi Capital Series A
1confirmation Series A
LedgerPrime Seed