Goldfinch is a decentralized credit platform that broadens the pool of potential lenders beyond just banks. It operates as an open marketplace for loans without collateral and employs a decentralized loan underwriting process. Goldfinch’s design is based on two beliefs: (1) that in the 2020s decade, low real bond yields will drive investors to demand new investment opportunities and (2) that global economic activity over this same period will increasingly move on chain, making every transaction programmable. By providing a way for borrowers to show creditworthiness based on the collective assessment of other participants, Goldfinch seeks to make borrowing more accessible, particularly to individuals and businesses in developing countries.
Goldfinch raises $25M from a16z to power its DeFi lending protocol for borrowers in developing countries
A16z Leads Additional $25M Round for DeFi Credit Protocol Goldfinch
Decentralized Credit Protocol Goldfinch Raises $11M in Series A Funding
Startup ecosystem report: China is rising while the US is waning
Increase in business startups over 40 times faster in BRIC countries than other nations, study finds
What is Goldfinch?
Introduction: What is the Goldfinch Protocol, and why does it matter? Goldfinch’s documentation is community-driven.