Fintech firm Newity raises $11 million to bring small business loans onchain

• Newity has raised $11 million in new funding led by CMT Digital as it explores taking its small business lending platform onchain.

Article Summaries:

• Fintech company Newity has secured $11 million in new capital, led by investment firm CMT Digital. The funding will support the firm’s plans to transition its small‑business lending platform onto blockchain technology. Newity’s goal is to enable on‑chain loan origination and servicing for small businesses, potentially improving transparency, speed, and cost efficiency. The move reflects a broader trend of fintech firms leveraging distributed ledger technology to streamline credit access. While the company has not yet announced a launch timeline, the investment signals confidence in its strategy to integrate blockchain into its lending operations.

Sources:

• https://www.theblock.co/post/390561/fintech-firm-newity-raises-11-million-to-bring-small-business-loans-onchain?utm_source=rss&utm_medium=rss