Masa Finance, a hybrid credit protocol, has come out of stealth and completed a pre-seed funding round of $3.5 million led by Unshackled Ventures, executives from GoldenTree Asset Management (a $46 billion credit-focused fund), Flori Ventures (Celo-focused fund), GSR, Decentranet, Intersect VC, Lateral Capital, Peer VC, Alves Ventures, and several angel investors in the fintech/blockchain space including Louis Beryl (founder of Earnest), Gustavo Menezes (24hr of Le Mans Driver for Peugeot Sport), and Jacob Riglin – a high-profile NFT artist who will be launching future NFT-collateralised loan products.
Masa has developed critical infrastructure for Web3 that enables on-chain credit scoring for billions of people globally. By aggregating off-chain and on-chain data into a non-fungible credit report, Masa gives lenders and developers easy access to the tools needed to evaluate borrower risk and launch lending products for individuals and businesses globally.
Masa aggregates over 10,000 sources of off-chain data (bank, credit bureau, and alternative data) from 78 countries through integrations with credit bureaus, bank data aggregators, and alternative data through its partner Pngme. Additionally, Masa has global coverage for on-chain data through 26 integrations to exchanges and wallets — opening up a market of 4.95 billion people through its decentralised credit infrastructure.
