DeFi marketplace Credix has raised $11.25 million in a Series A funding round led by Motive Partners & ParaFi Capital.
Other investors in the round included Valor Capital, MGG Bayhawk Fund, Victory Park Capital, Circle Ventures, Fuse Capital and Abra.
The funds from this round will be used by Credix to accelerate the development of their platform, team growth, and integration with Web3 projects.
Credix is a credit marketplace which bridges the gap between institutional investors and credit fintechs, non-bank lenders who need capital by connecting them.
Credix is responsible for the underwriting, and the financing happens on-chain using the USDC stablecoin and smart contracts for transparency.
Credix founder and CEO Thomas Bohner said, “Within the next decade, debt capital markets will be on-chain and democratized.”
“Credix is building the infrastructure to enable this at scale – we’re developing a next-generation credit platform matching institutional investors and FinTech lenders.”
The platform is currently only available in Brazil, but the team plans to expand in other emerging markets as well.
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