Home
News
Details

Fintech firm Newity completes $11 million strategic funding round led by CMT Digital

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
AI summary iconSummary

expand icon
Fintech firm Newity closed an $11 million project funding round led by CMT Digital on February 20. The company plans to migrate its small business loan services to blockchain. Newity has provided over $12 billion in funding to more than 125,000 small businesses, with an average loan amount of $118,800. Co-founder Luke LaHaie said the firm is rebuilding financial infrastructure for entrepreneurs. This digital asset initiative marks a key step in its blockchain strategy.

BlockBeats news: On February 20, fintech company Newity completed a $11 million strategic funding round led by CMT Digital.


Newity plans to migrate its small business lending operations to blockchain. To date, it has provided over $12 billion in financing to more than 125,000 small businesses, with an average loan size of approximately $118,800. Luke LaHaie, Co-Founder and Co-CEO of Newity, said: “We’re not just improving small business lending—we’re rebuilding the financial infrastructure that connects entrepreneurs with capital.”

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.