Credit Coop, a blockchain-based credit protocol, has successfully raised $4.5 million in a seed funding round led by Maven 11 and Lightspeed Faction, with participation from Coinbase Ventures, Signature Ventures, Veris Ventures, TRGC, and dlab.
The company’s innovative platform transforms business cash flows into programmable collateral, aiming to modernize credit markets by enabling real-time settlement, automated loan servicing, and transparent credit monitoring. To date, Credit Coop has processed $180 million in volume, partnering with Visa and major institutional lenders.
The new capital will support the expansion of Credit Coop’s team, focusing on engineering and business development roles, to scale operations and meet the growing demand for its alternative credit infrastructure.
Christopher Walker, Founder and CEO of Credit Coop, emphasized the company’s mission to eliminate inefficiencies in traditional credit markets, stating, “We’re making credit work for the 21st century—instant, transparent, and always on.”
With this strategic investment, Credit Coop is poised to lead the transformation of credit markets, offering businesses and lenders a more efficient and transparent alternative to traditional credit systems.
Read more on Tech Gist Africa:
FieldAI Secures $405 Million to Advance AI-Driven Robotics for Industrial Applications
Former Jump Trading Engineers Secure $20M for aPriori to Revolutionize On-Chain Trading
