Untangled Finance raises $13.5m in seed funding led by Fasanara Capital
Fasanara Capital has backed the London fintech as it develops its asset tokenisation platform.
≈ £11.0M at $1 = £0.8120 on 11 Oct 2023
Untangled Finance operates a tokenisation platform that converts invoices and SME loans into on-chain structured credit pools.
Untangled Finance has secured $13.5m in a seed funding round led by Fasanara Capital. The London-based company intends to direct the capital towards product development, ecosystem incubation and growth initiatives.
Founded in 2020, the firm provides a platform for tokenising real-world assets such as invoices and small business loans into on-chain structured credit pools, allowing users to access liquidity without selling underlying assets.
The latest backing will support the company as it expands its operations and develops its protocol infrastructure to bridge traditional finance with decentralised networks.
From the founder
"Since 2017, our focus has been on real-world asset tokenisation where we see growing interest. Our partnership with Fasanara is a step towards developing reliable DeFi yield mechanisms, broadening the investment possibilities in crypto but also helping to mitigate its inherent volatilities, all while striving to make finance more accessible around the world."
Manrui Tang
Co-founder at Untangled Finance
Investor perspective
"We see an upcoming merging of worlds, on one side, fintech lending which fills the gap in underserved SME and consumer markets and, on the other, the way values are being transferred within the new world of digital assets. The Untangled team has a rare combination of being rooted in real-world finance and yet has acquired deep expertise in blockchain and DeFi. We are looking forward to working with Untangled to engineer these entirely new financial rails so, for the first time, being able to handle users at scale."
Francesco Filia
CEO and CIO, Fasanara Capital
Use of funds
- 01Continue product development
- 02Accelerate go-to-market
Investors
Categories
About the company
Untangled Finance
Tokenising real-world assets for decentralised finance markets.