Belgian start-up Credix raises 11.32 million for cryptocurrency credit platform – ICT News

Credix has been around for less than a year, but is already raising money for the second time. The company intends to associate investors with local credit companies in emerging Latin American countries.

Thomas Bohner’s company is now raising funds for the second time as part of a Series A fundraiser. The € 11.32 million raised comes mainly from the Motive Partners Early Stage Fund and ParaFi Capital. In addition, Valor Capital, Victory Park Capital, MMG Investment Group, Circle Bentures, Abra, Fuse Capital, Claure Group and the business angel Ricardo Villa Marina also participate.

With this money, Credix intends, among other things, to continue the development of its infrastructure. The company aims to be a platform for investors and credit companies in emerging countries. In the latter, traditional bank loans are often difficult to obtain and expensive. It is especially in the case of personal or student loans that the interest rates are enormous, which explains why many small credit companies are active there.

‘Stablecoin’

Credix therefore intends to build a bridge between financial players. Surprisingly enough, he relies on cryptocurrencies to do this. Investors inject cryptocurrencies and credit companies receive so-called stablecoins, the value of which depends on the dollar rate, and can convert them into local currencies which they in turn provide to their customers.

Today, credit companies have already borrowed over $ 25 million through Credix. By the end of this year, the company hopes to reach $ 100 million, specifically by expanding into Mexico and Colombia.

Thomas Bohner’s company is now raising funds for the second time as part of a Series A fundraiser. The € 11.32 million raised comes mainly from the Motive Partners Early Stage Fund and ParaFi Capital. In addition, Valor Capital, Victory Park Capital, MMG Investment Group, Circle Bentures, Abra, Fuse Capital, Claure Group and the business angel Ricardo Villa Marina also participate, with whom Credix intends, among other things, to continue the development of its infrastructure. . The company aims to be a platform for investors and credit companies in emerging countries. In the latter, traditional bank loans are often difficult to obtain and expensive. It is especially in the case of personal or student loans that the interest rates are enormous, which explains why many small credit companies are active there, Credix therefore intends to create a bridge between financial players. Surprisingly enough, it relies on cryptocurrencies to do this. Investors inject cryptocurrencies and credit companies receive so-called stablecoins, the value of which depends on the dollar rate, and can convert them into local currencies which they in turn provide to their customers. Today, credit companies have already borrowed over $ 25 million through Credix. By the end of this year, the company hopes to reach $ 100 million, specifically by expanding into Mexico and Colombia.

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