Credix raises $11.25 million in Series A funding

The decentralized lending platform Credix has closed a Series A financing round worth $11.25 million. It was 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 bootstrap Credix, originating over 23M USDC 📈

Today we’re exciting to announce our 11.25M USD Series A, led by @motive_partners and @paraficapital! 🧵 pic.twitter.com/nXGTOqKSd4

— CREDIX (@Credix_finance) September 6, 2022

Funding also provided by Valor Capital Group, Abra, MGG Bayhawk Fund, Victory Park Capital, Circle Ventures and other investors.

The Credix team will deploy the raised funds to scale its activities in Latin America. In 2021 the project raised $2.5 million in a round with the participation of ParaFi Capital.

«DeFi позволяет нам эффективней объединять капитал, […] а токенизация обеспечивает повышенную прозрачность», — заявил основатель и CEO Credix Томас Бонер в комментарии The Block.

In August, the DeFi protocol Injective Protocol raised $40 million from Brevan Howard Digital billionaire Alan Howard and Jump Crypto.

Earlier, Messari and Dove Metrics estimated the funding volume for blockchain startups for January–June 2022 at $30.3 billion. Of the total, about $1.8 billion went to Web3 developers and DeFi protocols.

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