Decentralized lending platform Credix has recently completed a $11.25 million Series A funding round led by Early Stage Motive Partners and ParaFi Capital.
According to the press release, other participants in the fundraising include Valor Capital Group, Abra, MGG Bayhawk Fund, Victory Park Capital, Circle Ventures and other investors.
The project will use the funds to scale up operations in Latin America. The project raised last year $2.5 million in a round with the participation of ParaFi Capital.
Credix founder and CEO Thomas Boehner has said:
“DeFi allows us to pool capital more efficiently and tokenization provides increased transparency.”