Untangled Finance Closes $13.5M Funding Round

Untangled Finance

Untangled Finance, a London, UK-based fintech company, raised $13.5m in multi-year strategic funding.

The round was led by Fasanara Capital.

Proceeds from the funding round will be directed towards product development, ecosystem incubation and growth initiatives. 

Founded in 2020 by the team behind fintech Binkabi, which provides on-chain supply chain asset origination technology for financial institutions in Africa, Untangled Finance focuses on distributing asset portfolios through its DeFi yield product platform. The platform’s protocol focuses on tokenizing real-world private credit assets, such as invoices and SME loans, into on-chain structured credit pools. These pools, in turn, facilitate the issuance of collateralized debt notes to both DeFi and TradFi investors.

Led by Led by Manrui Tang, and Quan Le, Untangled Finance will be launched on the Celo blockchain in early October, followed by Polygon and Ethereum via Chainlink’s Cross Chain Interoperability Protocol (CCIP).