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- Huma Raises $38M to Expand First PayFi Network, Accelerating Blockchain Payments
Huma Raises $38M to Expand First PayFi Network, Accelerating Blockchain Payments
Slice of Finance Team
20 Sep
Key Highlights:
Huma raises $38M led by Distributed Global, with support from Hashkey Capital, Stellar Development Foundation, and more.
PayFi network aims to bridge the liquidity gap by moving trillions in real-world payments to blockchain.
$1.8B in payment transactions completed since merging with Arf, targeting $10B next year.
Stellar Development Foundation invested $10M into Arf's high-yield tokenized RWA assets.
Expansion to Stellar and Solana platforms planned to enhance accessibility and scalability.
Source: PR Newswire
Notable Quotes:
"An open payment financing network is going to help grow the entire payment ecosystem faster."
"PayFi is providing real-world utility that solves problems for people and companies."
"Huma's PayFi network represents an important step forward in payment financing."
Our Take:
Huma's PayFi network is a game-changer in the blockchain and DeFi space. By addressing the growing liquidity gap in payment financing through real-world asset tokenization and blockchain technology, Huma is paving the way for more efficient, scalable global payments. The company's focus on interoperability and decentralized finance (DeFi) places it at the forefront of the evolving Web3 financial ecosystem. Their merger with Arf and strategic expansion plans onto Stellar and Solana indicate that Huma is not just innovating but leading the charge in transforming payment financing for businesses and individuals alike.