Huma Finance raises $8.3M for DeFi income-supported loans
It is reported that Huma Finance, a DeFi start-up, obtained US $8.3 million in seed round financing to establish an income-supported loan agreement. Race Capit…
It is reported that Huma Finance, a DeFi start-up, obtained US $8.3 million in seed round financing to establish an income-supported loan agreement. Race Capital and Distributed Global jointly led the seed round financing. ParaFi, Circle Ventures and Robot Ventures participated in the investment.
Huma Finance, a DeFi start-up, received $8.3 million in seed round financing
Interpretation of the news:
Huma Finance, a DeFi start-up company, has announced that it has raised $8.3 million in seed round financing to create an income-supported loan agreement. The financing was jointly led by Race Capital and Distributed Global, with ParaFi, Circle Ventures, and Robot Ventures also participating in the investment.
This funding round is both impressive and significant for Huma Finance, as it will enable them to expand their platform and develop new lending solutions to help more people access credit. DeFi (decentralized finance) is an industry that is growing fast, and Huma recognizes the potential of this emerging market. Their aim is to provide accessible and affordable credit to those who need it most, regardless of where they are in the world.
The focus on income-supported loans is particularly noteworthy, as this is an innovative approach that addresses a common problem with traditional lending systems. Many people who need access to credit are unable to demonstrate sufficient collateral, which prevents them from securing a loan. Income-supported loans, on the other hand, use a borrower’s expected cash flow to determine their ability to repay the loan, making credit more accessible to a broader range of people.
The involvement of Race Capital and Distributed Global in this financing round also highlights the growing interest of venture capitalists in the DeFi space. Both firms sense a booming future for the DeFi industry, and their investment in Huma’s income-supported loan agreement is a clear indication of their confidence in the platform’s potential.
The participation of ParaFi, Circle Ventures, and Robot Ventures is also important as it demonstrates the support of several established players in the blockchain and DeFi space. Huma can leverage the experience, knowledge, and network of these established names to improve and expand its offerings.
In conclusion, Huma Finance’s successful seed round financing of $8.3 million is a significant milestone for the company, with particular emphasis on its income-supported loan agreement offering. The funding will give Huma the financial backing it needs to further develop its platform and expand its reach, making DeFi lending solutions more accessible and inclusive for those underserved by traditional lending institutions.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2877/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
#Listing of Euro Tether (EUR ₮) and Tether Gold (XAU ₮) on SimpleSwap Trading Platform: A Game Changer in Cryptocurrency Trading
On April 7th, Tether Operations Limited (Tether) announced that Euro Tether (EUR ₮) and Tether Gold (XAU ₮) have been listed on SimpleSwap, a real-time trading platform with a user
-
KOL@Bit Reports Significant Transfer of AXS from Maker to Coinbase via 0x3356
It is reported that Twitter encryption KOL@Bit According to the ember monitoring data, a multi-signature address marked as Maker by Nansen received 263000 unlocked AXS from the Ronin bridge of AXS five days ago (worth about 2.18 million US dollars). After the market rose last night, the address transferred AXS to # Coinbase via 0x3356. MKR transferred 263000 AXS to Coinbase last night Analysis based on this information:According to KOL@Bit, an underground Twitter encryption account, a multi-signature address marked as Maker by Nansen, a blockchain analytics and tracking platform, received 263,000 unlocked AXS from the Ronin bridge of AXS five days ago, which was worth around 2.18 million US dollars. This news has sent ripples across the cryptocurrency world, as the transfer is significant and involves a large amount of money. The AXS is a native token of the Axie Infinity ecosystem, which has been increasingly gaining popularity among crypto enthusiasts. It is a blockchain-based game that allows players to…
-
Data Shows a Massive Transfer of DOGE from Binance to an Unknown Wallet
According to reports, data shows that 172192858 DOGE (valued at approximately $14314322) has been transferred from Binance to an unknown wallet.
172192858 DOGE transferred from Bin -
XRPL Community Debates Transaction Costs and Price Manipulation
It is reported that David Schwartz, the chief technology officer (CTO) of Ripple, posted a message on social media that the XRPL community still has difference…
-
Developing a Common Framework for Cryptocurrencies: India’s G20 Objectives
On April 11th, Indian Finance Minister Nirmala Sitharaman stated that India\’s purpose as the G20 presidency is to develop a common framework for all countries to address the risks
-
What is Alchemy Pay (What is Alipay payment)
What is Alchemy Pay? According to official sources, Alchemy Pay is a infrastruc
-
Coinflow Labs Raises $1.45 Million in Seed Financing led by Jump Crypto and Reciprocal Ventures
According to reports, Coinflow Labs, a Web3 cross chain payment infrastructure solution provider, announced the completion of a seed round financing of $1.45 million, led by Jump C
-
Breaking News: Anonymous Wallet Deposits $1 Million Worth of MATIC into Coin An
According to reports, according to Watchers\’ monitoring, 999999 MATICs worth $1007998 were deposited into Coin An using an anonymous wallet address starting with 0xad.
Anonymous wa -
CCP Games Completes $40 Million Financing Round Led by a16z
It is reported that the chain game developer CCP Games has completed a financing of $40 million, with a16z leading the investment, and Makers Fund, Bitkraft, Kingsway Capital, Nexo
-
Fed to Cut Interest Rates by 25 Basis Points
It is reported that the Federal Reserve will cut interest rates by 25 basis points before the end of the year.
The Federal Reserve will cut interest ra…
-
USDT’s market share rose to 57.5%, hitting a new high since June 2021
On March 29, according to a stable currency report released by CryptoCompare, as of March 20, 2023, the total market value of stable currencies fell 1.34% to $133 billion, the lowe
-
Ouyi OKX to Suspend Recharging and Withdrawal Services for ETH, OP, ARB, ERC-20, OPTIMISM, ARBITRUM, and zkSync Lite Network Tokens
According to reports, Ouyi OKX announced that in order to support the upcoming upgrade of Shapella on the Ethereum network epoch 194048 at 6:27 on April 13, Ouyi will suspend the r
-
Blockchain concepts stocks rose in the US stock market, driven by the price of virtual currency
According to reports, driven by the price of virtual currency, blockchain concept stocks in the US stock market rose generally, Hut 8 Mining rose by over 6%, Riot Platforms and Mar
-
The Importance of Responsible Open Source Work
According to reports, Anthony Rose, the director of zkSync project, said on Twitter that zkSync must be open source, but a responsible open source work needs r…
-
US SEC Appoints Deborah J. Jeffrey as Attorney General: A Sign of Change Within the Agency?
According to reports, the US SEC has appointed Deborah J. Jeffrey as Attorney General, effective May 7, 2023. It is reported that the Office of the Inspector General is an independ
-
What does a blockchain engineer mean (Blockchain Engineering Technician)?
What does a blockchain engineer mean? According to cointelegraph news, \”blockc