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Teller Labs, Inc. runs a San Francisco DeFi platform for time-based loans secured by ERC20 tokens or NFTs.
Founded in 2020 and headquartered in San Francisco, US, Teller Labs, Inc. operates a decentralized finance platform for loans lasting 1 to 30 days, using any ERC20 token or NFT as collateral. Collateral is held in isolated escrow vaults, which removes margin calls and price oracle dependency. Revenue comes from transaction fees on peer-to-peer lending, based on loan duration and terms. The company completed two deals, including a USD 6.85 mn venture round on February 23, 2022 led by Blockchain Capital, with participation from Bessemer Venture Partners, Franklin Templeton, Signum Capital, Toyota Ventures and Upstart Network, Inc. Ryan Berkun is founder and CEO.
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