Debifi Raises Seed Funding for Bitcoin-Backed Lending
Debifi, a platform for Bitcoin-backed lending, has completed a seed funding round led by Timechain. The company focuses on secure, non-custodial solutions.
Lugano, Switzerland – December 24, 2024 – Debifi, a platform specializing in Bitcoin-backed lending, announced the successful completion of its seed funding round. The round was led by Timechain and included participation from investors such as Axiom BTC Capital and Fulgur Ventures.
The company aims to provide Bitcoin holders with an alternative to selling their cryptocurrency by offering them the ability to borrow against their holdings. Debifi's approach emphasizes security and transparency through non-custodial solutions, where user assets are not held by the lending platform.
This capital infusion is expected to accelerate Debifi's product development, team expansion, and entry into new markets. The company plans to launch new Bitcoin-backed credit products in the first quarter of 2025. Debifi has reported that its loan originations have doubled quarterly since its beta launch.
Debifi seeks to establish Bitcoin as a global "super collateral" within financial markets. The platform offers an alternative to selling Bitcoin by connecting institutional liquidity providers with global Bitcoin holders.