According to TechFlow, DeFi startup Huma Finance completed a $8.3 million seed round of financing, led by Race Capital and Distributed Global, with participation from ParaFi, Circle Ventures, Robot Ventures and others.
It is reported that Huma aims to build an income-backed lending protocol that allows borrowing based on cash flow rather than tokens, and can use receivables such as payrolls or invoices for borrowing.
Huma’s first product is an on-chain factoring market that enables individuals or businesses to borrow against their future income rather than existing token assets. Its initial partners include stablecoin issuer Circle, blockchain payment network Request Network, and Superfluid. Original link