With crypto transactions in Europe surpassing $1T in the last 12 months, the stage is set for the launch of Credefi – a European Fintech / DeFi protocol connecting crypto lenders with small & medium enterprise (SME) borrowers from the fiat economy.
Credefi’s strong team of finance professionals with 40+ years’ experience in leading roles with commercial, investment and central banks, as well as private equity funds and assets management, aims to disrupt SME lending by enabling companies to tap into the fast-growing DeFi space.
This is a complex and tricky endeavor that very few projects have dared to tackle, but it has the potential to open a whole new segment in DeFi and more importantly – to take DeFi to the next level by actually connecting it with the real economy.
So far the DeFi space has been a universe of its own – lending and borrowing crypto assets between crypto investors. At the same time small and medium enterprises have been historically underserved by traditional banks and are borrowing at consistently high interest rates. They are not able to use funds locked in DeFi because the system is too complex and difficult to enter, with many “hops” to make, which scares businesses away. For example, standard DeFi borrowing requires crypto collateral that companies do not possess in the first place.
Credefi aims to change that.
Credefi is a pioneer in bridging those two worlds and enabling the flow of DeFi funds to the real economy. When Credefi’s vision gets realized, crypto investors will have a reliable source of yield on their stablecoins regardless of bull/bear market dynamics, while SMEs will enjoy quick, flexible and convenient borrowing and financial services.
Credefi’s platform enables decentralized and secured lending to portfolios of businesses, protecting lenders while providing them fixed APY that is uncorrelated with crypto markets’ volatility and won’t evaporate in a bear market. The…
