About Spice Finance
Spice Finance is a company based in Los Angeles (United States) founded in 2021 by Jakub Janiak, Dylan Vu, and Niyant Narang.. Spice Finance has raised $7.31 million across 3 funding rounds from investors including Origin Protocol, Orrick and Shima Capital. The company has 4 employees as of December 31, 2022. Spice Finance operates in a competitive market with competitors including Centrifuge, NFTfi, Arcade, Astaria and Supermojo, among others.
- Headquarter Los Angeles, United States
- Employees 4 as on 31 Dec, 2022
- Founders Jakub Janiak, Dylan Vu, Niyant Narang
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spice Finance Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.31 M (USD)
in 3 rounds
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Latest Funding Round
$4.69 M (USD), Series A
Oct 24, 2024
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Investors
Origin Protocol
& 9 more
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Employee Count
4
as on Dec 31, 2022
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Funding Insights of Spice Finance
Spice Finance has successfully raised a total of $7.31M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $4.69 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $4.7M
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First Round
First Round
(18 Jul 2022)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Spice Finance | Valuation |
investors |
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| Oct, 2022 | Amount | Seed - Spice Finance | Valuation | Shima Capital | |
| Jul, 2022 | Amount | Series A - Spice Finance | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Spice Finance
Spice Finance has secured backing from 10 investors, including institutional and venture fund investors. Prominent investors backing the company include Origin Protocol, Orrick and Shima Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investments are targeted by Protofund, a venture capital firm.
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Founded Year | Domain | Location | |
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A global venture capital firm is operated to invest in innovative founders.
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Founded Year | Domain | Location | |
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Blockchain investments are focused on by Shima Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Spice Finance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Spice Finance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Spice Finance Comparisons
Competitors of Spice Finance
Spice Finance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Centrifuge, NFTfi, Arcade, Astaria and Supermojo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Decentralized platform for financial supply chain connectivity is offered.
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| domain | founded_year | HQ Location |
NFT-based lending is enabled via an online P2P platform.
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| domain | founded_year | HQ Location |
Arcade is recognized as a leading NFT lending platform.
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| domain | founded_year | HQ Location |
Liquid NFT lending is enabled through an on-chain protocol.
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| domain | founded_year | HQ Location |
POS financing is facilitated for online NFT purchases.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Spice Finance
When was Spice Finance founded?
Spice Finance was founded in 2021 and raised its 1st funding round 1 year after it was founded.
Where is Spice Finance located?
Spice Finance is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Spice Finance?
Jakub Janiak is the current CEO of Spice Finance. They have also founded this company.
Is Spice Finance a funded company?
Spice Finance is a funded company, having raised a total of $7.31M across 3 funding rounds to date. The company's 1st funding round was a Series A of $914.65K, raised on Jul 18, 2022.
How many employees does Spice Finance have?
As of Dec 31, 2022, the latest employee count at Spice Finance is 4.
What does Spice Finance do?
Spice Finance was founded in 2021 in Los Angeles, United States, focusing on the fintech sector within blockchain and NFTs. A platform is provided for point-of-sale financing of NFT purchases, enabling holders to access yields and instant liquidity. Investors are offered opportunities for risk-adjusted returns above average. Operations center on bridging liquidity gaps in the NFT market through these structured financial tools.
Who are the top competitors of Spice Finance?
Spice Finance's top competitors include Centrifuge, NFTfi and Arcade.
Who are Spice Finance's investors?
Spice Finance has 10 investors. Key investors include Origin Protocol, Orrick, Shima Capital, Delta Blockchain Fund, and NXGEN.