Huma Finance Raises $38M to Hyper-Scale its PayFi Network

This investment will allow the company to accelerate the expansion of its platform, which uses tokenized real-world assets (RWA) to provide instant

Payments finance (PayFi) network Huma Finance has closed a $38 million funding round.

The latest investment will see the firm expand its platform, which uses tokenized real-world assets (RWAs) to provide instant, borderless liquidity.

"Announcing $38M in funding to hyper-scale our PayFi Network! This round fuels our mission to transform global payment financing."

The round was led by Distributed Global and saw participation from Hashkey Capital, Folius Ventures, Stellar Development Foundation and TIBAS Ventures, the venture capital arm of Turkey’s largest private bank, İşbank.

A significant portion of the investment was allocated to high-yield assets on the platform. Huma is aiming to address the global liquidity gap, which impacts both enterprises and individuals relying on payment financing.

With credit cards enabling over $16 trillion in commercial payments and trade finance facilitating $10 trillion in B2B payments, the need for efficient solutions is urgent. Huma seeks to use the strengths of blockchain to transform this sector, enabling fast, programmable money transfers on a global scale.

Huma’s merger with Arf in April this year was a key step in its growth. Arf, a leader in on-demand liquidity solutions for global payments, complements Huma’s vision, and together they have processed over $1.8 billion in payment financing transactions. This figure is expected to grow exponentially to $10 billion by 2025, cementing it as one of the most prominent use cases for Circle’s USDC.

Huma Finance expands into new networks and market leadership

The funds raised will see Huma expand its network to Stellar’s smart contract platform and Solana in the coming months, ensuring its PayFi network is accessible from all major payment-focused chains.

The investment also includes participation from the Stellar Development Foundation, which contributed $10 million to tokenized assets on the platform.

"Huma PayFi network is solving critical inefficiencies in the financial industry. We are excited to support and contribute to this vision." - Hashkey Capital CEO Chao Deng

"Solana Foundation is thrilled to support Huma Finance, which is creating new financial markets based on the time value of money, an innovation only possible through blockchain." - Solana Foundation President Lily Liu

This year, Huma will also launch the Huma Foundation, a key organization for the decentralization of its network and global access to its solutions.

Furthermore, the firm will be hosting the first PayFi Summit in collaboration with the Stellar and Solana foundations during Token 2049 in Singapore on Sept. 17, which is expected to further boost conversations and innovations in this revolutionary field.

These advancements position Huma as a leader in the industry of RWAs and blockchain-based payment financing solutions.