DeFi lending service company Qiro Finance has completed a $1.2 million Pre-Seed round of financing, with Alliance leading the investment

ChainCatcher news, Singapore-based DeFi credit service company Qiro Finance announced the completion of a $1.2 million Pre-Seed funding round, led by Alliance, with participation from Druid Ventures, Escape Velocity (EV3), Trident Digital, and CMT Digital. Specific valuation information has not been disclosed.

It is reported that Qiro Finance aims to address the significant credit gap prevalent in regions such as Southeast Asia by leveraging blockchain technology and stablecoin frameworks. In addition to funding, Qiro Finance also received a grant of 100,000 MATIC from Polygon and a development grant of $50,000 from the Aptos Foundation.