- Decentralized credit platform Credix raised $11.25 million in funding.
- The Series A round was led by Motive Partners and ParaFi Capital and boosts Credix’s total funding to $13.8 million.
- Credix will use the funds to enhance platform development, increase staff, and integrate with Web3 projects.
Decentralized credit platform Credix raked in $11.25 million today. The Belgium-based company’s Series A funding round was led by Motive Partners and ParaFi Capital with contributions from Valor Capital, MGG Bayhawk Fund, Victory Park Capital, Circle Ventures, Fuse Capital, and Abra.
Credix will use the funds to boost platform development, increase staff, and integrate with Web3 projects.
The round follows Credix’s December 2021 Seed round and brings the company’s total funding to $13.8 million. Company CEO Thomas Bohner described the round as the “next major step” in bringing Credix’s protocol and platform for credit investing to investors.
Credix launched last year to develop a credit platform that matches institutional investors and fintech lenders, bridging DeFi and real-world assets. The company enables finfech companies and non-bank lenders to convert their receivables and real assets into investment capital. Credix leverages USDC and smart contracts to offer instant settlement and transparency.
Since its launch, Credix has gone live in Brazil and has originated more than $23 million active loans in in the past six months. The company will launch in additional geographies “soon.”
Photo by Cup of Couple
Go to Publisher: Finovate
Author: Julie Muhn (@julieschicktanz)