Based in London, UK is Untangled Finance, a prominent fintech company that recently secured an impressive $13.5 million in multi-year strategic funding, which was led by Fasanara Capital in a funding round.
According to the company, the funds raised will be utilized to drive the company’s growth and initiatives which are primarily product development, ecosystem incubation, and fostering expansion.
Untangled Finance
Established in 2020, Untangled Finance is led by Manrui Tang and Quan Le, both renowned figures in the fintech sector who were previously instrumental in the development of Binkabi, a fintech company specializing in on-chain supply chain asset origination technology tailored for financial institutions operating in Africa. Untangled Finance focuses on the efficient distribution of asset portfolios through its innovative DeFi yield product platform.
The platform’s core protocol revolves around the tokenization of real-world private credit assets, such as invoices and SME loans, converting them into on-chain structured credit pools. These pools serve as a foundational structure, enabling the issuance of collateralized debt notes to a diverse range of investors, encompassing both DeFi and traditional finance (TradFi) participants.
Untangled Finance has outlined its strategic plan to make its platform available on the Celo blockchain, with a scheduled launch in early October. Following this, the company aims to extend its reach to Polygon and Ethereum utilizing Chainlink’s Cross Chain Interoperability Protocol (CCIP), underscoring its commitment to establishing a broad and interconnected presence in the blockchain space.
As I come to a close, the infusion of $13.5 million in funding will provide Untangled Financethe resources to further advance their innovative solutions within the fintech realm. The funds if used judiciously, will drive comprehensive product enhancements, and foster a conducive ecosystem.
With a sharp focus on leveraging cutting-edge technology and enhancing financial infrastructure, Untangled Finance aspires to redefine asset distribution and financing methodologies. By embracing decentralized finance (DeFi) and seamlessly integrating traditional finance avenues, the company endeavors to contribute significantly to the evolution of the financial landscape, ultimately benefiting a broader spectrum of investors and stakeholders.
