Fintech a55 closes first blockchain credit operation

This article is from www.blocknews.com.br and the original article can he read here in Portuguese

a55 has a history of providing credit to SaaS and e-commerce companies.

Fintech a55 , which enables revenue-based credit for small and medium-sized businesses, closed last February its first blockchain-based financing operation, with a decentralized finance (DeFi) protocol. The operation was in the USDC (Circle cryptocurrency)/BRZ (Transfero stablecoin backed in reais) format.

With this, a55 intends to expand revenue-based financing services in the Brazilian and Mexican markets. The focus is on small and medium enterprises.

 “This operation paves the way for a bright future, in which alternative data will become a reliable collateral through blockchain to generate liquidity globally. As well as to finance the growth of companies around the world”, comments Hugo Mathecowitsch, CEO of a55.

According to Gabriel Zamora, director of capital markets at a55, “integrating stablecoins and liquidity protocols into our funding strategy is an important way to complement centralized structures”. According to him, fintech chose the best of both worlds and connecting DeFi solutions to traditional capital markets”.

“This DeFi loan is the beginning of a partnership to revolutionize global credit markets,” said Thomas Bohner, CEO of Credix.

a55 has credit history from SaaS and e-commerce companies

a55 has a history of financing SaaS (Software as a Service) and e-commerce companies. Therefore, with the partnership with Credix, a DeFi credit marketplace, it was possible to develop the operation. The transaction included the DeFi-TradFi infrastructure, i.e. decentralized finance with the traditional one, and alternative securitization for Latin America.

a55 has had this history for four years. And he says there has been growing customer demand for smart capital. Therefore, it used the data models already developed for the evolution of the service in partnership with Credix.

a55 raised a series B investment of US$16.3 million in January this year led by Movile, with the participation of Mouro Capital. In addition, it has financed its credit operations so far with TradFi structures in Brazil, Europe and Mexico.

Scroll to Top