- Decentralized credit score platform Credix raised $11.25 million in funding.
- The Collection A spherical was led by Motive Companions and ParaFi Capital and boosts Credix’s complete funding to $13.8 million.
- Credix will use the funds to boost platform improvement, improve employees, and combine with Web3 initiatives.
Decentralized credit score platform Credix raked in $11.25 million immediately. The Belgium-based firm’s Collection A funding spherical was led by Motive Companions 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 spice up platform improvement, improve employees, and combine with Web3 initiatives.
The spherical follows Credix’s December 2021 Seed spherical and brings the corporate’s complete funding to $13.8 million. Firm CEO Thomas Bohner described the spherical because the “subsequent main step” in bringing Credix’s protocol and platform for credit score investing to traders.
Credix launched final 12 months to develop a credit score platform that matches institutional traders and fintech lenders, bridging DeFi and real-world belongings. The corporate permits finfech firms and non-bank lenders to transform their receivables and actual belongings into funding capital. Credix leverages USDC and sensible contracts to supply on the spot settlement and transparency.
Since its launch, Credix has gone reside in Brazil and has originated greater than $23 million energetic loans in up to now six months. The corporate will launch in further geographies “quickly.”
Picture by Cup of Couple
