SmartFi is a cryptocurrency platform that offers services for earning interest, borrowing against crypto assets, and trading without fees, all while providing a 100% buy-back guarantee on its utility token. It addresses the need for accessible financial tools in the crypto space, enabling users to generate wealth through competitive interest rates and flexible loan options.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In the cryptocurrency market, users often face challenges in accessing comprehensive platforms that offer both interest-earning opportunities and crypto-backed lending services. Existing platforms may lack user-friendly interfaces or secure mechanisms for managing digital assets, hindering widespread adoption.
Solution
SmartFi provides a centralized platform designed to streamline cryptocurrency-based financial services, allowing users to earn interest on digital assets, borrow funds using crypto as collateral, and trade cryptocurrencies. The platform offers various tools, including SmartInterest accounts that provide competitive APY on Bitcoin and Ethereum holdings, SmartLoan options for borrowing stablecoins or USD, and SmartTrade for zero-fee cryptocurrency swaps. SmartFi aims to simplify wealth generation in the crypto space by integrating CeFi and DeFi tools, offering users guided strategies and educational resources to navigate the digital asset landscape. The SmartFi token (SMTF) is designed to fund the loan portfolio and is available through the SmartCycle tool, with token holders having voting rights in the monetary policy governing interest rates.
Target Audience
SmartFi targets both new and experienced cryptocurrency users seeking a platform to earn interest on their holdings, access crypto-backed loans, and trade digital assets with ease.
Features
- SmartInterest accounts offering up to 13% APY, compounded weekly, with no lock-in periods
- SmartLoan options allowing users to borrow cash or stablecoins with fixed APR, using Bitcoin or Ethereum as collateral
- SmartTrade feature enabling zero-fee cryptocurrency swaps
- SmartCycle tool for purchasing SMTF tokens, indexed to the loan portfolio
- SmartWallet for managing digital assets, supporting USD, BTC, ETH, and LTC
- Referral program offering rewards for inviting new users
- Educational resources and guided strategies for crypto wealth generation
- FinCEN registration as a Money Service Business