Crypto start-up Credix raises 11 million euros

The Antwerp start-up Credix uses blockchain technology to connect investors with credit companies.

One year after its creation, the start-up Credix completes its second fundraising (series A), amounting to 11.32 million euros. The American funds Motive Partners Early Stage fund and ParaFi Capital are the main investors. Seven other funds, including players specializing in crypto projects Circle Ventures and Abra, complete the round.

“Blockchain technology allows us to make access to capital more transparent and automate trading.”

Thomas Bohner

CEO of Credix

Credix is ​​a marketplace that connects investors with credit companies. It is active in emerging countries, particularly Brazil. Credix provides access to capital to fintechs that offer credit to individuals and SMEs. The peculiarity of the platform is that it works with blockchain technology. “This allows us to make access to capital more transparent and to automate exchanges”, explains Thomas Bohner, CEO of Credix.

Lending companies using the startup have borrowed $25 million through Credix since the start of 2022. The young shoot plans to exceed 100 million dollars by the end of the year. This money is paid to credit companies in the form of stablecoins, “stable cryptocurrencies”, which are then converted into local currency in order to be loaned to end customers.

The funds raised will be used to continue the development of the platform and to invest in sales and marketing. The company is based in Antwerp and has offices in New York and Sao Paulo. It has a team of fourteen people, which should double by the end of the year.

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