According to Foresight News, Term Finance, a fixed-rate lending protocol, has successfully raised $5.5 million in strategic financing. The funding round was led by Electric Capital, with participation from Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, and Maelstrom.
The funds raised will be utilized to develop the protocol and accelerate Term's roadmap. The aim is to simplify lending through features such as cycling, passive lending, automation, and real-time alerts. This strategic financing will provide the necessary capital to enhance the platform's capabilities and streamline its operations.
The investment demonstrates the confidence of the investors in Term Finance's potential to revolutionize the lending sector with its unique features. The company's focus on simplifying lending through automation and real-time alerts is expected to make it a game-changer in the industry.