#humafinance
Huma Finance is a pioneering fintech platform that is transforming global payments and credit markets through its innovative Payment Financing (PayFi) network. By leveraging blockchain technology and stablecoins, Huma offers real-world yield opportunities and efficient liquidity solutions for businesses and individuals worldwide.
🚀 What Is Huma Finance?
Founded in 2022 by fintech veterans from companies like Google, Meta, and Earnin, Huma Finance introduced the concept of PayFi—an on-chain infrastructure designed to provide instant, income-backed liquidity. Unlike traditional DeFi models that rely on crypto collateral, Huma enables borrowing based on real-world cash flows, such as invoices, payroll, and remittances.
The platform operates two main services:
- *Huma Institutional*: A permissioned service for institutional investors requiring KYC/KYB verification.
- *Huma 2.0*: A permissionless service for retail investors, allowing broader participation without identity verification. [1]
💰 Key Milestones
- *8.3M Seed Funding*: In early 2023, Huma raised8.3 million in a seed round led by Race Capital and Distributed Global, with participation from Circle Ventures and others. [2]
