According to TechFlow, Untangled Finance has partnered with French fintech lender Karmen to open the first private credit pool on the Celo network. This pool adopts Luxembourg's securitization regulations, with an initial debt ceiling of $6 million, allowing certified investors to deposit USDC stablecoins and provide funding for Karmen, which focuses on providing instant loans and working capital to small and medium-sized digital enterprises in France. Fasanara Capital and Celo community-led ecosystem development organization The Credit Collective are among the early investors in the project. This new credit pool is part of a potential advanced facility agreement signed with Karmen and has not yet been finalized.