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Home > Buzz > Debifi Targets to Revolutionize Bitcoin Lending With the Latest Seed Round

Debifi Targets to Revolutionize Bitcoin Lending With the Latest Seed Round

Updated on: 31 December,2024 04:57 PM IST  |  Mumbai
Buzz | sumit.zarchobe@mid-day.com

This achievement also highlights Debifi’s prominent position in the Bitcoin-backed credit market.

Debifi Targets to Revolutionize Bitcoin Lending With the Latest Seed Round

Debifi

After Timechain’s recent investment in Debifi’s seed funding round, the transformative potential of Bitcoin in the economy has been further emphasized. This achievement also highlights Debifi’s prominent position in the Bitcoin-backed credit market.


Lending Without the Need to Sell

Keidun, the CEO of Debifi, refers to Bitcoin as “super collateral” and emphasizes that borrowing is a far more effective strategy than selling for those who wish to hold their assets long-term. Debifi offers a unique solution, allowing users to access loans without selling their Bitcoin holdings.

Investors and Partners Who Matter

This landmark funding round marked a significant milestone for the company and included contributions from key investors such as:

Timechain (Lead Investor), Axiom BTC Capital, Fulgur Ventures, Plan B Fund, Epoch VC, Cep Private Equity, Exodus I GmbH, Willy Woo, Brad Mills, Chris Hunter, Giacomo Zucco

This partnership reinforces two important aspects: Bitcoin’s strength as a protocol and the growth of decentralized finance.

Strategic Growth Initiatives

The funds raised will support several important strategies:

  • Team Expansion: Strengthening operational and technical capabilities.
  • Global Outreach: Expanding into new markets and adding multilingual support.
  • Innovative Products: Developing advanced non-custodial credit solutions.

Early Success During Beta

Even in its beta phase, Debifi has achieved impressive milestones:

  • Loan Growth: Quarterly loan origination volumes have doubled.
  • Institutional Interest: Onboarding of institutional lenders increased by 250% in Q4.
  • User Growth: Significant adoption was seen through the iOS app.

Shaping the Future of Bitcoin Lending

Debifi’s non-custodial and trustless model enhances Bitcoin’s financial utility while preserving its decentralized essence. With strong investor backing and a clear growth strategy, Debifi is poised to lead the Bitcoin lending revolution.

 

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