The seed investment round of Port Finance was a great success and has now officially closed. The team announced that they have received around USD$ 1,000,000 in investor funding.
The Port Finance team would like to express our heartfelt gratitude, we are extremely humbled and grateful for the generous support shown by our investors.Source
Led by Jump Capital and backed by Rarestone Capital, GSR Markets, Valhalla Capital, additionally the founders of Mercurial Finance, Raydium and Solanium joined the round. All investment partners were selected based on strategic compatibility and ability to contribute to the long-term success of Port Finance.
With their recent launch on the mainnet, the team is looking forward to serving users in a fairly and secure manner. The team embodies a product-first principle and prioritizes product innovation and security above all else. In Q3 2021, they aim to make their users and primary investors proud by bringing Port Finance closer to its goal – to be the go-to solution Money Market on Solana.
Port Finance’s roadmap offers a full range of loan products, including floating rate loans, fixed-rate loans, and interest rate swaps. Taking advantage of Solana‘s high throughput and low latency, Port Finance allows users to borrow more money with the same amount of collateral and transact faster than other blockchains. In addition, leveraging Serum’s on-chain order book opens up exciting new possibilities for implementing more complex financial products not currently available on other blockchains like Ethereum.
More about Port Finance: