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Qiro Finance raised $1.2M in a pre-seed round led by Alliance to connect stablecoin investors with emerging market RWAs.

Jun 11, 2024•over 1 year ago

Amount Raised

$1.2 Million

Round Type

seed

SingaporeFinancial Services

Investors

Aptos FoundationPolygonCmt DigitalTrident DigitalEscape Velocity (Ev3)Druid VenturesAlliance

Description

Qiro Finance, a decentralized finance (DeFi) company, raised $1.2 million in a funding round to address the substantial credit gap prevalent in emerging markets. The company aims to build a decentralized credit protocol to connect emerging market asset originators with global investors by leveraging blockchain and stablecoin rails.

Company Information

Company

Qiro Finance

Location

Singapore, Southeast Asia, Singapore

About

Qiro is an institutional private credit protocol with robust credit underwriting infrastructure. Qiro leverages DeFi rails with regulatory standings, connecting stablecoin investors to emerging market asset originators for higher net yield.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers