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Dubai-based platform Allo raised $100M in debt financing from a group of lenders, including Greengage, to bolster its Bitcoin-backed lending business.

Dec 26, 2024•7 months ago

Amount Raised

$100 Million

DubaiSoftware

Investors

Greengage

Description

Allo, a real-world assets tokenization platform based in Dubai, has raised $100 million in debt financing to strengthen its Bitcoin-backed lending operations. The funding will help the company enhance its presence in the Bitcoin ecosystem.

Company Information

Company

Allo

Location

Dubai, Dubai, United Arab Emirates

About

Allo.xyz is a protocol for Real World Assets and Bitcoin and the largest RWA marketplace by assets, with: - $2bn+ in assets, 1,500+ RWAs and 20,000 HNW clients enabling users to tokenize, invest and trade any financial asset on-chain. - Allo leverages a proprietary fund administration RWA ledger to increase speed, efficiency and reduce cost.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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