Despite the fancy financial rails, a loan in DeFi is still a loan. This has been seen time and again, with last week’s debacle from the Curve Finance founder offering up yet more coursework on the subject.

Goldfinch, a crypto startup aimed at issuing loans to companies in emerging economies, has now taken center stage, with this latest example impacting the ever-trendy real-world asset sector.

The protocol issued a $5 million loan to a fintech firm called Tugende Kenya back in 2021, set to expire this October.

Tugende provides local financing to small businesses in Kenya and Uganda via its eponymously named subsidiaries. Its primary customer base is rental motorists or people basically renting cars and scooters to finance their taxi or delivery services.

Go to Source to See Full Article
Author: Liam J. Kelly

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details