Fixed-rate lending agreement Term Finance completes $5.5 million strategic round of financing, led by Electric Capital

Fixed-rate lending protocol Term Finance announced the completion of a $5.5 million strategic round of financing, led by Electric Capital, with participation from Arete Capital, Delta Blockchain Fund, Inception Capital, Blizzard Fund, Maelstrom and others. The new funds will be used to develop the protocol and accelerate Term's roadmap to simplify lending through features such as recycling, passive lending, automation and real-time alerts.