NEW YORK – (BUSINESS WIRE) – Super Mojo, Inc. (“Supermojo”) today announced the launch of its financing platform designed to make digital assets more accessible to the next wave of users. The platform facilitates point-of-sale financing to improve the NFT purchasing experience and lending with security for improved after-sales liquidity. Supermojo’s first focus will be on collaborating with marketplaces and store fronts that serve the $ 25B NFT market (DappRadar).
Supermojo’s seed round was led by BH Digital, DRW Venture Capital, Intersection Growth Partners and Neuberger Berman. Additional investors include Sfermion, Arca, Gemini, Everyrealm, Arrington Capital, BlockFi Ventures, Circle Ventures, Crossbeam Venture Partners, Draper, FJ Labs, FBG Capital, OP Crypto, Red Beard Ventures and Ripple.
Founded by CEO Amir Sarhangi and Head of Product and Engineering Craig DeWitt, two former executives at Ripple, Supermojo has quickly built a team with extensive experience in creating user-friendly crypto infrastructure and products, data analytics and financing solutions. Supermojo aims to make NFTs more accessible by providing marketplaces with differentiated and flexible payment and liquidity alternatives.
“The NFT market must welcome new users to continue scaling. NFT marketplaces and store fronts have not yet offered the payment methods most people know when they buy online. “Buy now, pay later” experiences are essential for excellent payment experiences, “said Mr. Sarhangi.Our team at Supermojo is committed to providing a more seamless, intuitive and accessible NFT purchasing, financing and depot experience for the next wave of NFT users, from checkout to resale. We are excited to get started with our incredibly talented team and partners to deliver a frictionless NFT experience to the next wave of users. ”
“Digital goods will be the largest market in the world, so it is extremely important to provide an experience that is accessible to all people, especially those without crypto expertise. ” added Mr. DeWitt. “Supermojo’s payment and lending infrastructure lowers the entry barrier for new users and moves us closer to a future of frictionless digital ownership. ”
“There is a significant appetite for a built-in Buy Now, Pay Later model for NFTs, which makes Supermojo uniquely positioned to drive the next development of this ecosystem, “said Andrew Steinwold, CEO of Sfermion.This type of innovation is crucial to the continued growth of the space, and we are excited to support Supermojo and its strong management team of highly experienced operators and visionaries to deliver a much-needed product. ”
Today, Supermojo also announced the appointment of Peter Sterling, Head of Specialty Finance at Neuberger Berman, as a member of the company’s board.
“We are very happy to be able to support and support Supermojo. Web3 and traditional financing solutions are combined to offer superior customer experiences to enter the NFT market with high growth, today NFT owners are looking more than ever for ways to get liquidity against their NFTs, says Sterling.
The NFT industry has experienced massive user growth, but still the NFT financing market has lagged behind the general growth in the industry. Financing options are generally limited to peer-to-peer and peer-to-pool protocols that are not intuitive or available to the average NFT buyer. Supermojo’s unique product solutions will expand the number of financing options available to customers and increase the simplicity and liquidity of the NFT ecosystem.
About Supermojo
Supermojo builds the built-in customer lending experiences to drive the growth of NFTs as a powerful new asset class. Supermojo’s platform will enable users to have a more accessible cash flow NFT experience, while helping marketplaces and store fronts improve average order sizes and customer conversion rates. Supermojo’s built-in lending experience will remove friction from purchasing NFTs by making it easy for users without knowledge of crypto, while Supermojo’s lending service will provide instant liquidity to existing blue chip NFT holders.
