1. PixelPlaygroundHome
  2. Web3 News

Huma Finance raises $8.3M for DeFi income-supported loans

• Web3 News • 116 views

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…

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 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.

Like (0)
Previous 02/24/2023 16:58
Next 02/24/2023 17:44

Recommended articles