DeFi startup Huma Finance completes $8.3 million seed round financing, led by Race Capital and Distributed Global

ChainCatcher news, DeFi startup Huma Finance has completed a $8.3 million seed round financing, led by Race Capital and Distributed Global, with participation from ParaFi, Circle Ventures, Robot Ventures, and others.

It is reported that Huma aims to build an income-backed lending protocol. This protocol allows borrowing based on cash flow rather than tokens, utilizing receivables such as payroll or invoices for borrowing. Huma's first product is an on-chain factoring marketplace that enables individuals or businesses to collateralize their future income instead of existing token assets for loans. Its initial partners include stablecoin issuer Circle, blockchain payment network Request Network, and Superfluid. (source link)