Credix completes $60 million credit financing

ChainCatcher news, Chaim, the Chief Growth Officer of the Solana-based credit protocol Credix, announced that Credix has completed a $60 million credit financing. This loan was obtained in collaboration with a U.S. alternative investment management firm focused on asset lending opportunities, which manages a portfolio of up to $3 billion.

It is reported that this round of credit financing will provide priority debt to technology founding platforms in the Latin American region to support small and medium-sized enterprises. The first tranche of $7.5 million will help small and medium-sized enterprises in Brazil through accounts receivable financing.

According to the crypto data platform RootData, Credix completed a $11.25 million Series A financing in September 2022, co-led by Motive Partners and ParaFi Capital, with participation from Valor Capital Group, Victory Park Capital, MGG Bayhawk Fund, Circle Ventures, FuseCapital, and Abra. The funds raised will be used to significantly invest in platform development, team growth, marketing, and integration with Web3 projects, as well as to expand in the Latin American region.