Huma's PayFi network is revolutionizing payment financing by leveraging blockchain technology to provide instant, borderless liquidity. The company has secured $38 million in funding to expand its operations.
Huma Finance raises $38 million to expand its PayFi network, revolutionizing payment financing through blockchain technology and real-world assets. Image Courtesy: HumaSan Francisco, California - September 12, 2024:
Huma Finance, a pioneering company in the field of payment financing, has secured $38 million in funding to expand its innovative PayFi network. The investment, led by Distributed Global with participation from prominent investors like Hashkey Capital, Folius Ventures, and the Stellar Development Foundation, will fuel Huma's mission to transform the way businesses and individuals access and utilize financial services.
Huma's PayFi network leverages blockchain technology to provide instant, borderless liquidity, enabling faster, more accessible, and more efficient payment financing solutions. By bringing real-world payment volume onto blockchains and stablecoins, Huma aims to address the significant liquidity gap that exists in the traditional financial system.
The company's innovative approach has already garnered significant traction, with Huma and Arf, its partner, surpassing $1.8 billion in payment financing transactions. This success is attributed to Huma's ability to offer a more efficient and accessible alternative to traditional payment financing methods.
With the new funding, Huma plans to expand its PayFi network to the Stellar smart contract platform and Solana, further solidifying its position as a leading player in the space. The company's partnership with the Stellar Development Foundation and Solana Foundation highlights the growing recognition of Huma's innovative solutions.
Huma's PayFi network has the potential to revolutionize the way businesses and individuals manage their finances. By providing instant, borderless liquidity and leveraging the power of blockchain technology, Huma is addressing a critical need in the global financial system. As the company continues to grow and expand its network, it is poised to become a major force in the future of payment financing.