Nft Financing Platform Supermojo Raises $6 Million In Seed Funding

Supermojo, a financing platform for non-fungible tokens (NFTs), introduced Thursday that it raised $6 million in seed funding. 

The funding spherical was led by BH Digital, DRW Enterprise Capital, Intersection Development Companions and Neuberger Berman, with further participation from Sfermion, Arca, Gemini, Everyrealm, Arrington Capital, BlockFi Ventures, Circle Ventures, Crossbeam Enterprise Companions, Draper, FJ Labs, FBG Capital, OP Crypto, Crimson Beard Ventures and Ripple, based on a launch shared with The Block.

Supermojo’s platform encompasses a purchase now pay later (BNLP) service for NFTs. BNPL a course of during which a consumer pays a portion for a product outright and pays the remainder in later installments, usually with curiosity. 

“The NFT market must welcome new customers as a way to hold scaling. NFT marketplaces and storefronts have but to supply the fee strategies most individuals are aware of when shopping for on-line,” stated Supermojo CEO Amir Sarhangi within the assertion, including that BNLP is one acquainted fee methodology for many customers.

“Our staff at Supermojo is dedicated to offering a extra seamless, intuitive, and accessible NFT buying, financing, and custody expertise for the following wave of NFT customers, from checkout to resale,” Sarhangi stated. 

BNLP turned widespread by way of conventional finance areas through the corporate Klarna, however has crept into NFT financing as seen with the DeFi lender Teller lately launching NFT BNLP options.

Supermojo was based by Sarhangi and Craig DeWitt, two former senior workers of distributed ledger startup Ripple.

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