Qiro Finance raised $1.2M in a pre-seed round led by Alliance to connect stablecoin investors with emerging market RWAs.
Qiro Finance raised $1.2M in a pre-seed round led by Alliance to connect stablecoin investors with emerging market RWAs.
06/11/24, 7:29 AM
Location
singaporeMoney raised
$1.2 million
Industry
financial services
Round Type
seed
Investors
Aptos Foundation, Polygon, Cmt Digital, Trident Digital, Escape Velocity (Ev3), Druid Ventures, Alliance
Qiro Finance, a decentralized finance (DeFi) company, raised $1.2 million in a funding round to address the substantial credit gap prevalent in emerging markets. The company aims to build a decentralized credit protocol to connect emerging market asset originators with global investors by leveraging blockchain and stablecoin rails.
Company Info
Location
singapore, southeast asia, singapore
Additional Info
Qiro is an institutional private credit protocol with robust credit underwriting infrastructure. Qiro leverages DeFi rails with regulatory standings, connecting stablecoin investors to emerging market asset originators for higher net yield.