Huma Raises $38M to Hyper-scale its Payment Financing (PayFi) Network
SAN FRANCISCO, Sept. 12, 2024 /PRNewswire/ -- Huma, the first Payment Financing (PayFi) network, announced today that it has raised $38 million in funding. Distributed Global led the equity round, with significant participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures, CVC arm of İşbank, the largest private bank in Turkiye. Part of this raise came as investments into high-yield real world assets (RWA) assets on platform.
- SAN FRANCISCO, Sept. 12, 2024 /PRNewswire/ -- Huma, the first Payment Financing (PayFi) network, announced today that it has raised $38 million in funding.
- Payment financing is so ingrained in every part of our lives that, without it, the entire economy would stop growing.
- "While designing Huma, we often asked ourselves: How do you build an open payment financing network on blockchain that is more powerful than Visa?
- An open payment financing network is going to help grow the entire payment ecosystem faster."