🚨🚨🚨🚨 What Is Huma Finance?🚨🚨🚨
Huma Finance is the first PayFi network, a decentralized protocol designed to provide income-backed lending and payment financing solutions. It enables businesses and individuals to borrow against future income by connecting them with global investors on-chain. By tokenizing real-world assets (RWAs), Huma Finance offers instant liquidity, transparent transactions, and seamless cross-border financial operations, bridging the gap between traditional finance and Blockchain technology.
In today’s fast-paced global economy, liquidity and payment flexibility are crucial. Traditional financial systems often involve slow, complex, and costly processes, especially for international transactions. Huma Finance addresses these limitations by leveraging blockchain to offer faster and more efficient payment financing solutions.
As of September 2024, Huma Finance has raised $38 million in funding to expand its operations and continue building its platform. The equity round was led by Distributed Global, with significant participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, the corporate venture arm of İşbank, the largest private bank in Turkiye. A portion of this funding has been used to invest in high-yield real-world assets (RWA) on the platform, showcasing the platform's focus on bridging DeFi with tangible financial instruments.
How Huma Finance Works
Huma Finance operates on a decentralized lending model, where borrowers can access credit lines using future income as collateral. The platform supports various financial services, including revolving credit lines and receivable factoring, such as:
Revolving Credit Line: Borrowers are approved for a specific credit limit. They can borrow and repay repeatedly, as long as they stay within their limit and make timely payments.
