Huma, a Cupertino, CA-based provider of a payment finance (PayFi) network, raised $38M in funding.
The round was led by Distributed Global with participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures
The company intends to use the funds to expand the PayFi network to Stellar’s Soroban and Solana in the coming months, ensuring that the network is accessible from all major payment-focussed chains.
Led by CEO Kazım Rıfat Özyılmaz, Huma Finance provides a PayFi network that finances global payments by providing instant access to liquidity. The company plans to launch the Huma Foundation this year, a pivotal move to decentralize its PayFi network and broaden global access, further solidifying its posotion in the RWA space.
Building on this vision, Huma’s April merger with Arf, a provider of an on-demand liquidity solution for global payments, brought together two prominent PayFi players. Huma and Arf have already surpassed $1.8 Billion in payment financing transactions and are on track to reach $10 Billion next year, making them one of the fastest growing use cases for Circle’s USDC.
FinSMEs
12/09/2024