2022-07-18 10:05:03
NFT financing platform Supermojo raises $6 million in seed funding
The funding round was led by BH Digital, DRW Venture Capital, Intersection Growth Partners and Neuberger Berman, with additional participation from Sfermion, Arca, Gemini, Everyrealm, Arrington Capital, BlockFi Ventures, Circle Ventures, Crossbeam Venture Partners, Draper, FJ Labs, FBG Capital, OP Crypto, Red Beard Ventures and Ripple, according to a release shared with The Block.
Supermojo's platform features a buy now pay later (BNLP) service for NFTs. BNPL a process in which a user pays a portion for a product outright and pays the rest in later installments, often with interest. BNLP became popular through traditional finance spaces via the company Klarna, but has crept into NFT financing as seen with the DeFi lender Teller recently launching NFT BNLP features. Supermojo was founded by Sarhangi and Craig DeWitt, two former senior employees of distributed ledger startup Ripple.
Source
https://t.me/Metaverse_Nfts_Web3
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