[Funding alert] London-based fintech Startup Untangled Raises €12.8 million in Funding
Oct 11, 2023 | By Team SR
Untangled, a fintech firm based in London, has raised €12.8 million in funding, with Fasanara Capital acting as the round's lead investor and the industry's first fintech investment platform and loan pioneer.
With a built-in liquidation mechanism, institutional-grade credit will be put on-chain faster thanks to the crowdfunding.
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Manrui Tang, Untangled Finance’s co-founder, said: “Since 2017, our focus has been on real-world asset tokenization 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.”
Francesco Filia, CEO and CIO of Fasanara Capital, added: “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.”
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More favorable borrowing terms are available to large firms than to many of their suppliers. While trustworthiness is a consideration, the much higher financing expenses experienced by these SMEs are additionally affected by information asymmetry, which is more serious for SMEs (especially those in emerging nations).
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Untangled Protocol focuses on the private finance markets because it believes Defi will be of greatest assistance there. The protocol will have accessibility to more than 130 certified asset originators throughout 60 countries thanks to its connection to Fasanara.
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Providing access to institutional-grade resources, which are typically only accessible by large financial institutions. Investors can select originator-specific pools according to their level of risk tolerance or opt for reliable passive income through automated lending pools.
About Untangled
Untangled was established in 2020 by professionals with a decade of experience in banking, asset origination, and emerging markets. In order to establish on-chain structured credit pools, the platform's protocol emphasizes tokenizing real-world private credit assets, such as invoicing and SME loans. These pools then make it possible to issue secured debt notes to investors in the DeFi and TradFi markets.
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