TrueFi
About
TrueFi is DeFi’s largest credit protocol, connecting global lenders with institutional-grade lending opportunities.
- San Francisco,California,United States
- 1 - 10
- https://truefi.io
Details
- Last Funding Type
- Initial Coin Offering
- Last Funding Money Raised
- $12.50M
- Industries
- Blockchain,Cryptocurrency,Finance,Financial Services,FinTech,Lending
- Founded date
- Nov 21, 2020
- Number Of Employee
- 1 - 10
- Operating Status
- Active
- Also Known As
- TrueFi,TrustToken,TRU
TrueFi is a decentralized protocol for uncollateralized on-chain lending. The aim is for TrueFi to become the ultimate market-driven, automated credit rating and lending system, freeing money to move wherever it creates the most value instantly.On TrueFi, lenders enjoy competitive rates and full transparency of how their assets are utilized. Meanwhile, borrowers get access to fast, fixed rate loans with no collateral requirements, all while building an on-chain credit history. The process of vetting borrowers for creditworthiness and approving new loans is in the hands of holders of TRU, the TrueFi platform token.TrueFi was developed by TrustToken, the same team that launched and grew TUSD and four other leading stablecoins into asset-backed tokens trusted by many, attested live on-chain and now moving billions of dollars in monthly volume across +100 trading partners and 112 countries.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Aug 5, 2021 | Initial Coin Offering | $12.50M | 4 |
BlockTower Capital
|
— | Detail |
Investments
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
BlockTower Capital
|
Yes | Initial Coin Offering |
Alameda Research
|
— | Initial Coin Offering |
Andreessen Horowitz
|
— | Initial Coin Offering |
Darian Shirazi
|
— | Initial Coin Offering |
Employee Profiles
