Huma Finance raised $38M to expand its PayFi network, enhancing global payment financing with blockchain technology.
The Stellar Development Foundation contributed $10M, accelerating PayFi's integration with Stellar and Solana for faster payments.
Huma and Arf's merger aims to process $10B in payment financing by 2025, revolutionizing cross-border payment efficiency.
Huma Finance has raised $38 million in funding to fuel the expansion of its Payment Financing (PayFi) network, an initiative aimed at revolutionizing global payment financing. Led by Distributed Global, the funding round saw contributions from major investors such as Hashkey Capital, the Stellar Development Foundation, and TIBAS Ventures. Using tokenized real-world assets (RWAs) and blockchain technology to bridge the liquidity gap in the payment finance industry is a success story for Huma, as evidenced by this funding.
https://twitter.com/humafinance/status/1833811757074153730 A Leading Role for the Stellar Development Foundation
Besides raising equity, Huma secured additional funds from high-yield RWA investments on its platform. Stellar Development Foundation provided $10 million, which went toward several of these investments.
Moreover, the firm plans to integrate its PayFi network with the Stellar smart contract platform and Solana, aiming to leverage blockchain’s capability for faster and more efficient global payments.
The merger between Huma and Arf earlier this year has already positioned the company as a leader in blockchain-driven payment financing. The combined entities are expected to process $10 billion in transactions by next year, making strides in offering liquidity to traditionally underserved markets. By utilizing blockchain for cross-border payments, Huma's PayFi network brings improved transparency, faster settlements, and greater operational efficiency.
Future Outlook and Industry Trends
Moreover, Huma’s vision of decentralizing payment financing aligns with the broader trend of bringing traditional assets, such as bonds and credit, onto blockchain networks. Contributing to the tokenization of real assets is an industry-wide effort that, according to estimates, may reach $1.3 trillion by 2030.
On the other hand, some analysts have more cautious predictions, indicating a slow increase of tokenized RWAs. Regardless, Huma's continued innovation in PayFi and blockchain technology, combined with its strategic partnerships, ensures it remains a major player in the evolution of digital finance.
With plans to host the inaugural PayFi Summit in collaboration with the Solana and Stellar Development Foundations, Huma is poised to drive further innovation in blockchain and payment financing.
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