Clave, a leading consumer fintech and digital loan origination platform in Latin America, and Credix, the decentralized credit ecosystem that gives borrowers in emerging countries access to previously untapped capital, announce a partnership to originate, issue and tokenize $150,000,000 USD of debt in 2023.
Clave originates loans via B2B partners and consumers through its digital lending platform, Clave DLP and its ClaveApp. Clave operates in Colombia and Argentina, with near term expansion plans for Mexico and an intention to originate at least $500,000,000 USD in credit in 2023, across various strategies, including government payroll lending, factoring and consumer finance. Earlier this year, Clave raised over $7 million in a seed round.
Credix enables fintech companies and other non-bank lenders to convert their receivables and real assets into investment capital. All financing happens on-chain using USDC and smart contracts, creating instant efficiencies, settlement, and more transparency. Credix recently raised $11.25 million in a Series A led by Motive Partners & ParaFi Capital, with participation by Valor Capital, MGG Bayhawk Fund, Victory Park Capital, Circle Ventures, Fuse Capital, and Abra.
Credix reimagines how global debt capital markets work by merging the sophistication of traditional capital markets with the benefits of decentralization and blockchain technology. Credix improves the landscape for both asset originators and investors, driving the growth of decentralized finance. The marketplace provides credit lines to high-quality borrowers with an attractive yield for investors globally.
Clave digitizes loan origination in Latin America, unleashing the power of new technologies to expand access to capital for businesses and consumers, while re-defining financial inclusion. The Clave ecosystem includes Clave DLP (digital lending platform) and ClaveApp, a digital wallet that provides simple and secure solutions for traditional financial services, including credit, payments, transfers and blockchain based products.