DeFi project Credix raises $11 million investment
- September 6, 2022
- 0
Decentralized lending platform Credix has closed its $11.25 million Series A funding round led by Early Stage Motive Partners and ParaFi Capital. 1/ Our goal is to build
Decentralized lending platform Credix has closed its $11.25 million Series A funding round led by Early Stage Motive Partners and ParaFi Capital.
1/ Our goal is to build the future of global credit markets 🌎
Over the last 10 months, we’ve worked with our ecosystem to relaunch Credix with over 23 million USDC 📈
Today, we are excited to announce our 11.25 million USD Series A led. @motive_partners and @parafikapital! 🧵 pic.twitter.com/nXGTOqKSd4
— CREDIX (@Credix_finance) 6 September 2022
Funding was also provided by Valor Capital Group, Abra, MGG Bayhawk Fund, Victory Park Capital, Circle Ventures and other investors.
The Credix team will use the funds raised to expand operations in Latin America. In 2021, the project raised $2.5 million in one round with the participation of ParaFi Capital.
“DeFi enables us to pool capital more efficiently, […] “And tokenization provides more transparency,” Credix founder and CEO Thomas Boner said in a comment to The Block.
Recall that in August, DeFi protocol Injective Protocol raised $ 40 million from Brevan Howard Digital, billionaire Alan Howard and Jump Crypto.
Previously, Messari and Dove Metrics analysts estimated $30.3 billion in funding for blockchain startups in January-June 2022. Of the total, Web3 developers and DeFi protocols each accounted for about $1.8 billion.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
