Huma Finance has raised $38 million in an investment round to scale its payment-financing (PayFi) platform.
Author: Sahil Thakur
Written On: Fri, 27 Sep 2024 04:15:53 GMT
Huma Finance has raised $38 million in an investment round to scale its payment-financing (PayFi) platform, which is built on tokenized real-world assets (RWA). The round included $10 million in equity investment and $28 million in yield-bearing RWAs. The equity portion was led by Distributed Global, with contributions from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures. For the RWA segment, Stellar Development Foundation contributed $10 million.
Earlier this year, Huma Finance merged with Arf to focus on RWA tokenization, operating under a joint entity. The combined platform is expected to handle $10 billion in payments-financing transactions next year.
Erbil Karaman, the co-founder of Huma finance gave a product keynote for Huma finance in the recently organised Breakpoint ’24 where he focused his talk on the following key points:
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Huma Finance at Breakpoint ’24
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