Decentralized credit platform Credix landed $2.5 million in early stage seed funding this week. The Belgium-based company will use the fresh capital to speed up the release of its alpha version and launch its protocol on the Solana mainnet.
DRW Cumberland and ParaFi Capital led the round. The Transfero Swiss BRZ Solana Ecosystem Fund, Solana Ventures, Parrot Finance, MGNR, Mercurial, Petrock Capital, Fuse Capital, and several angel investors also contributed.
Credix was founded just last month by Thomas Bohner, Maxim Piessen, and Chaim Finizola. The team is seeking to bridge the gap between decentralized finance and real-world assets, bringing uncollateralized loans to emerging markets, starting with Latin America.
“The rise of DeFi, crypto, and stablecoins provided Credix with all the required lego blocks to rethink the end-to-end debt capital markets flow,” said Bohner. “Credix is democratizing access to credit investing for both borrowers and investors by connecting them through a decentralized credit marketplace.”
Along with today’s funding announcement, Credix also appointed four new members to its advisory team. Chike Ukuagbu, Head of Crypto Strategy-Emerging Markets at Visa; João Bezerra Leite, Former Managing Director and CTO at Bank Itaú; Reginald de Wasseige, Investor at Augmentum; and Kenneth Bok, Managing Director Blocks, ex-Goldman Sachs will all serve as advisors to the Credix team.
In the next few weeks, Credix will launch its first credit lines for Latin American borrowers. In the first quarter of 2022, the company will extend access for underwriters and liquidity providers and will open the pool to the community within the first half of next year.
Photo by Shubham Dhage on Unsplash