Brazil-based Credix bags $11 million to connect institutional lenders with emerging fintechs

Oluwajuwonlo Afolabi -

Credix, a decentralized finance (DeFi) platform based in Brazil has raised $11.25 million in its Series A funding round led by Motive Partners and ParaFi Capital, to expand its operations.

  • The fund will be used to expand Credix's services beyond Brazil into other emerging markets, the DeFi platform claims.
  • The Credix platform links institutional investors such as banks, family offices, alternative asset managers, and hedge funds with credit fintech and non-bank lenders in emerging markets who are looking to raise capital. It helps institutional investors to enhance returns and diversify risks.
  • Credix focuses on connecting institutional investors globally with credit opportunities, including enabling risk-adjusted returns via robust underwriting and widening access to lending rates with less risk. It uses its decentralized technologies to enable the connection, including USDC stablecoin and smart contracts for transparency.
  • According to Credit founder and CEO, Thomas Bohner, Credix is building the infrastructure to enable on-chain and democratized debt capital markets scale. The DeFi platform is preparing for the future of blockchain and its massive adoption and to lead in matching institutional investors with fintech lenders for the next generation.