Untangled Finance Raises $13.5m for DeFi Platform Expansion
Untangled Finance, a London-based fintech company, has recently raised $13.5m in multi-year strategic funding. The funding round was led by Fasanara Capital, and the proceeds will primarily be used for product development, ecosystem incubation, and growth initiatives. Founded in 2020 by the team behind fintech Binkabi, Untangled Finance specializes in distributing asset portfolios through its DeFi yield product platform.
The platform's protocol is focused on tokenizing real-world private credit assets, including invoices and SME loans, into on-chain structured credit pools.
These pools enable the issuance of collateralized debt notes to both DeFi and TradFi investors. The company, led by founders Manrui Tang and Quan Le, plans to launch Untangled Finance on the Celo blockchain in early October. Subsequently, the platform will also be available on Polygon and Ethereum via Chainlink's Cross Chain Interoperability Protocol (CCIP).
The strategic funding will play a crucial role in expanding and enhancing Untangled Finance's capabilities. With a strong emphasis on product development, the company aims to continuously improve the user experience and provide innovative solutions in the DeFi sector. Additionally, ecosystem incubation initiatives will support the growth of Untangled Finance's community and foster collaboration with other industry stakeholders. This funding round enables the company to establish a solid foundation for its upcoming launch on multiple blockchain networks, unlocking new opportunities for investors and further establishing its presence in the fintech market.
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