Huma Finance Secures $38M in Series A to Expand PayFi Network

Sep 11, 2024, 10:45 AM

Huma Finance, an income-backed lending protocol and tokenized real-world asset (RWA) platform, has successfully completed a $38 million Series A financing round. The funding includes $10 million in equity investment and $28 million in RWA investment. The round was led by Distributed Global, with participation from Hashkey Capital, Folius Ventures, and other investors. The capital will be used to expand Huma Finance's trade-finance platform to Solana and Stellar's Soroban network, and to scale its blockchain-based Payment Financing (PayFi) network globally.