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12 May 2021

Notional Finance raises $10M in Series A to bring fixes rates to DeFi » CryptoNinjas

Notional Finance raises $10M in Series A to bring fixes rates to DeFi » CryptoNinjas


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Notional Finance, a protocol on Ethereum that facilitates fixed-rate, fixed-term crypto-asset lending and borrowing through a novel financial instrument called fCash, today announced the completion of a $10 million Series A funding round from institutional investors.

This funding round will be used to build a world-class team of finance and technology experts and enable the company to strengthen its position as the leader in fixed interest rate borrowing and lending on Ethereum.

With the vast majority of lending in the traditional finance system done at fixed rates, as opposed to the variable and often volatile rates common in crypto, Notional’s offering underpins the expansion and mainstreaming of DeFi adoption.

“With Notional, anyone with an internet connection can lend their money at fixed rates of interest to businesses halfway across the world with the confidence that their funds are secure, and with none of the friction that comes with using the traditional financial system.

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