Strip Finance

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.

Legal Name

Strip Ltd

Headquarters

Hyderabad, Telangana, India

Founding Date

2021

No. of Employees

<10

Core Team

Yash Jejani

Co-Founder and CEO