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21.09 - 02:13
Credix raises $11.25m for decentralised credit marketplace
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finextra.comFinancing happens on-chain using the USDC stablecoin and smart contracts, which Credix says creates instant efficiencies, settlement, and more transparency.
The startup says that investors can unlock new risk-adjusted returns while borrowers can raise debt funding internationally with less friction and at attractive rates.The firm currently operates in Brazil but plans to expand to more markets and will use the new funding on platform development, team growth and integration with Web3 projects.
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