Belgian fintech start-up Credix raises €11.3m

The start-up will use the Series A funding to help connect institutional investors with lenders

Crypto start-up Credix                                 
CEO Thomas Bohner said that the funds will enable Credix to bring its protocol and platform for credit investing to investors – Photo: Shutterstock
                                

The Belgian crypto startup Credix has raised €11.32m (£9.79m) in a Series A funding round which it says will be used to help connect institutional investors with lenders and bring uncollateralised loans to the emerging markets.

The company's founder and CEO, Thomas Bohner, confirmed the funding in a Medium blog post, saying that the funds will enable the firm to help bring its protocol and platform for credit investing to investors.

Bohner said: “Credix is building the infrastructure to enable this at scale — we’re developing a next-generation credit platform matching institutional investors and FinTech lenders. Within the next decade, debt capital markets will be on-chain and democratised.”

Motive Partners and ParaFi Capital co-led the round, with participation from Valor Capital, Victory Park Capital, MGG Investment Group, Circle Ventures, Abra, Fuse Capital, and Claure Group.

Access to international capital

Credix helps fintech firms and other non-bank lenders to convert their receivables and real assets into investment capital using USDC and smart contracts, a process it claims creates efficiencies and greater transparency.

The Series A round comes nine months after it raised €2.5m in a seed round with the focus to provide greater uncollateralised loans to the South American region.

Bohner said: “From the beginning, we have been focused on building the bridge between DeFi and real-world assets. The total DeFi market cap has decreased by 63% while Credix was able to grow 20-fold and originate $23m in active loans in only six months.

“Credix is currently live in Brazil, and expanding into other emerging markets soon.”

Further reading

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image