Brazilian fintech a55 is launching business loans with blockchain technology and DeFi support. Since 2021, the company has been looking to expand its services to Mexico as well, being a company that grows with an eye on Latin America. Fintechs are some of the companies that are eyeing digital financial innovations. In this way, ignoring the advantages and innovations of cryptocurrencies is no longer a reality among these companies. In 2021, for example, Endeavor Brasil sought out cryptocurrency fintechs to accelerate its business, showing the high interest of entrepreneurs in this sector.
Fintech a55 launches loans for businesses with blockchain and DeFi
a55 is a fintech that enables credit for companies that need an extra source of funds and that have predictable revenue. Its platform connects bank accounts, billing data, payment methods and internet data intelligence. Thus, more than R$ 400 million have already been lent to companies in Brazil and Mexico. And in search of growth, a55 closed in February 2022 an operation to allow blockchain-based financing, through a DeFi protocol. This new financing model uses USDC/BRZ stable cryptocurrencies, which will help fintech expand its financing services to small and medium-sized companies in Brazil and Mexico. According to Hugo Mathecowitsch, CEO of a55, the history of the Latin American capital market is being built and, with the support of blockchain technology, the future can be bright.
“We are writing the history of capital markets in Latin America with the first transaction in this model in Brazil. This operation paves the way for a bright future, in which alternative data will become a reliable collateral through blockchain to generate liquidity globally and fund the growth of companies around the world. We can’t wait to reiterate this transaction in Mexico and elsewhere.”
Belgium fintech help
To create the new credit technology, the infrastructure called DeFi-TradFi and the alternative securitization for the Latin American region had the help of the company Credix, from Belgium. This credit protocol is powered by Solana blockchain technology. For the CEO of the Belgian cryptocurrency fintech, this is the revolution of the global credit markets. Movile led a recent investment in a55, which raised $16.3 million in January. With this, it was possible to finance its TradFi credit operations in Brazil, Europe and Mexico. A55 Capital Markets Director Gabriel Zamora says that integrating stablecoins and DeFi into fintech allows it to complement centralized services.
“Integrating stablecoins and liquidity protocols into our funding strategy is an important way to complement centralized structures, choosing the best of both worlds and connecting DeFi solutions to traditional capital markets.”
With a55’s international expansion, DeFi-based liquidity pools are expected to become an important source of funding for the company, a situation that would make “crypto-TradFi” hybrid debt the new normal for its operation.
