About Strip Finance
Strip Finance is a company based in Hyderabad (India) founded in 2020 by Yuvraj Chhibber, Yash Jejani, and Varun Satyam.. Strip Finance has raised $40.5 million across 3 funding rounds from investors including Shima Capital, Tenzor Capital and Block0. Strip Finance offers products and services including Borrowing Service, Bidding and Pools, and Marketplace. Strip Finance operates in a competitive market with competitors including Ledn, Centrifuge, NFTfi, MetaStreet and Morpho, among others.
- Headquarter Hyderabad, India
- Founders Yuvraj Chhibber, Yash Jejani, Varun Satyam
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.5 M (USD)
in 3 rounds
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Latest Funding Round
$1.6 M (USD), Token Sale
Nov 11, 2021
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Investors
Shima Capital
& 4 more
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Employee Count
Employee Count
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Products & Services of Strip Finance
Strip Finance offers a comprehensive portfolio of products and services, including Borrowing Service, Bidding and Pools, and Marketplace. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables users to borrow against NFTs as collateral for liquidity.
Allows liquidity providers to bid or join pools for NFT lending.
Facilitates peer-to-peer NFT collateralization and trading services.
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Funding Insights of Strip Finance
Strip Finance has successfully raised a total of $40.5M across 3 strategic funding rounds. The most recent funding activity was a Token Sale round of $1.6 million completed in November 2021. 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 Token Sale — $1.6M
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First Round
First Round
(06 Aug 2021)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2021 | Amount | Token Sale - Strip Finance | Valuation |
investors |
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| Sep, 2021 | Amount | Seed - Strip Finance | Valuation | Block0 , Nothing Research Ltd | |
| Aug, 2021 | Amount | Seed - Strip Finance | Valuation | Tenzor Capital |
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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 Strip Finance
Strip Finance has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Shima Capital, Tenzor Capital and Block0. 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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Investments in blockchain sectors are handled by Tenzor Capital.
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Founded Year | Domain | Location | |
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Blockchain startups are funded by Block0 as a VC firm.
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Founded Year | Domain | Location | |
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Early-stage investments in fintech, gaming, and enterprise software are targeted.
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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 Strip 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 - Strip 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 |
Strip Finance Comparisons
Competitors of Strip Finance
Strip 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 Ledn, Centrifuge, NFTfi, MetaStreet and Morpho, 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 |
Blockchain-based loans secured by Bitcoin are provided by Ledn.
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| 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 |
P2P liquidity platform for NFT collateral
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| domain | founded_year | HQ Location |
Morpho is recognized as a trusted lending network.
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| domain | founded_year | HQ Location |
Data-driven lending across CeFi and DeFi is enabled by Credora.
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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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Latest news on Strip Finance
Frequently Asked Questions about Strip Finance
When was Strip Finance founded?
Strip Finance was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Strip Finance located?
Strip Finance is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Who is the current CEO of Strip Finance?
Yash Jejani is the current CEO of Strip Finance. They have also founded this company.
Is Strip Finance a funded company?
Strip Finance is a funded company, having raised a total of $40.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $40M, raised on Aug 06, 2021.
What does Strip Finance do?
Founded in 2020 and based in Hyderabad, India, Strip Finance operates in the decentralized finance sector focused on non-fungible tokens. Access to capital is offered to NFT collectors through collateralized loans, while liquidity providers engage via direct bidding or pooled mechanisms. A peer-to-peer marketplace supports lending and borrowing among users, with price discovery integrated from partnered NFT marketplaces.
Who are the top competitors of Strip Finance?
Strip Finance's top competitors include Centrifuge, Ledn and MetaStreet.
What products or services does Strip Finance offer?
Strip Finance offers Borrowing Service, Bidding and Pools, and Marketplace.
Who are Strip Finance's investors?
Strip Finance has 5 investors. Key investors include Shima Capital, Tenzor Capital, Block0, Nothing Research Ltd, and Lancer Capital.