Loda Finance Pty Ltd
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
Loda Finance Pty Ltd - overview
Established
2020
Location
-, QLD, Australia
Primary Industry
Financial Services
About
Based in Queensland, Australia, and founded in 2020, Loda Finance Pty Ltd, also known as Loda. fi or Loda operates as a crypto-collateralized lending platform, that allows consumers to borrow money using their crypto assets as collateral. In July 2021, the firm raised USD 15 million in seed funding from new investors Cluster Capital Partners, Dao Ventures, Framework Ventures, with participation from other investors. As of March 2022, the company is being led by its founder and CEO, Dion Dalton-Bridges.
Loda is a Decentralized-Finance (De-Fi) platform that provides users with quick and easy access to crypto-collateralized financial loans. The company's platform allows customers to borrow money ranging from USD 2,500 to USD 250,000 at a low-interest rate based on a credit line generated by valuing their assets, and consumers can obtain their crypto assets back within 1-2 days after successful loan repayment. The company accepts a variety of assets as collateral, including Bitcoin, Ethereum, USD Coin, Tether, Dai, and Compound, among others.
Current Investors
Cluster Capital Partners, The Spartan Group, Gleneagle Asset Management
Primary Industry
Financial Services
Sub Industries
e-Financial
Website
www.loda.finance
Verticals
Blockchain, FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.