I. Project Introduction
Huma Finance is a decentralized finance (DeFi) project based on blockchain technology, aimed at redefining the private credit market through an innovative payment financing (PayFi) model. It is committed to connecting high-yield receivables with global capital, providing businesses and individuals with instant, borderless liquidity and financing solutions. @humafinance @KaitoAI
II. Financing Situation
Completed an $8.3 million seed round financing on February 23, 2023, co-led by Race Capital and Distributed Global, with participation from ParaFi, Circle Ventures, and Robot Ventures.
Completed a $38 million financing on September 11, 2024, which includes $10 million in equity investment and $28 million in revenue-generating RWA. Led by venture capital firm Distributed Global, with participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures, the venture capital arm of Turkey's largest private bank, İşbank.
III. Team Situation
1. Araman @0xErbil is a co-founder of Huma Finance, previously the Chief Product Officer at Earnin and Head of Consumer Products at Lyft. He is also an angel investor and advisor for multiple projects.
2. Richard Liu @DrPayFi is a co-founder of Huma Finance and a partner advisor at Foothill Ventures. He graduated from Sichuan University, Tsinghua University, and the University of Florida. (The recent Twitter incident and his emotionally intelligent response have sparked strong reactions; from his words, the founder's mindset should be quite impressive.)
3. Kazım Rıfat Özyılmaz is a co-founder of Huma Finance & Arf, previously worked at Intrepid Ventures.
4. Ali Erhat Nalbant is a co-founder of Huma Finance and also a co-founder of Arf. He has founded several fintech startups in the fields of lending, cryptocurrency funds, and personal finance, with over 15 years of experience in technology product development.
