Strip Finance is a collateralised NFT borrowing and lending marketplace.

Basic Information

Strip Finance was founded by Varun Satyam, Yuvraj Chhibber and Yash Jejani in 2021. Strip Finance is creating a platform where anyone owning a desirable NFT can use it as collateral to borrow capital. The asset pricing data on the Strip Finance platform will be directly fetched from NFT marketplaces like Opensea, Rarible etc, and the startup will not be making changes to the pricing data. The lender can propose an interest rate and duration, which, when accepted by the borrower, transfers the NFT to an escrow. If the instalments are paid in the stipulated time, the borrower will get the NFT back. In case of defaults, the ownership rights are transferred to the lender. It enables the capitalisation of NFT assets by aggregating liquidity on the platform through its decentralised P2P and curated pools model. Its ability to collateralise NFTs through its liquidity protocol enhances the value proposition for both asset owners and yield-seeking investors. See more

Legal Name

:

Strip Ltd

Headquarters

:

Hyderabad, Telangana, India

Founding Date

:

2021

No. of Employees

:

<10

Core Team

:
1.

Yash Jejani

Co-Founder and CEO

2.

Yuvraj Chhibber

Co-Founder and CBO

3.

Varun Satyam

Co-Founder and CPO

Funding

Total Funding

$500.0k

Investors

:

1.

Nothing Research

2.

Tenzor capital

3.

Shima Capital

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Detail Round Breakdown

Round 1
Round 2

$470k

Series Name

:

SEED

Date

:

30th Sep 2021

Investors

:
1.

Nothing Research

2.

Tenzor capital

3.

Block0

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