DeFi platform Credix raises $11.25M Series A to expand beyond Brazil


Brazil-based Credix has raised $11.25 million in a Series A round led by Motive Partners & ParaFi Capital. The round was also backed by Valor Capital, Victory Park Capital, MGG Investment Group, Circle Ventures, Abra, Fuse Capital and Claure Group, and angel investors including Ricardo Villa Marina, chairman of Itau LatAm.

The funds from the Series A round will be used to accelerate the development of Credix’s platform, team growth, and integration with Web3 projects.

Founded in 2022, Credix enables fintech companies and other non-bank lenders to convert their receivables and real assets into investment capital. All financing happens on-chain using USDC & smart contracts, creating instant efficiencies, settlement, and more transparency.

Within the next decade, debt capital markets will be on-chain and democratized. Credix is building the infrastructure to enable this at scale — we’re developing a next-generation credit platform matching institutional investors and FinTech lenders. – CEO and founder Thomas Bohner

Credix is currently live in Brazil, but has plans for expansion to other emerging markets like Mexico and Colombia by the end of 2022.

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