• Jia is a blockchain-based fintech organization that has raised more than $5 million in seed funding.
• Jia will use the money to expand its services to emerging markets and small businesses.
• The company offers decentralized finance loans, and borrowers can be rewarded with token offerings when they repay them.
Jia Raises More Than $5 Million in New Funding
Jia is a blockchain-based fintech organization that has recently secured more than $4 million in seed funding, while another $1 million was delivered to assist its commitment to on-chain liquidity. This brings the total amount of funds raised for the company up to $5 million.
The funding round featured the participation of well-known blockchain and crypto firms including Block Tower, TCG Crypto, Hashed Emergent, Saison Capital, as well as individual angel investors such as Packy McCormick and Anand Lyer.
What Will Jia Do With The Money?
The money will be used to boost operations in up-and-coming or third-world nations like Kenya and the Philippines, while also exploring new markets in Asia, Latin America, and West Africa. The idea is that many of these areas have seen their standard financial arenas suffer in recent years, so blockchain could help them greatly.
What Services Does Jia Offer?
Jia offers decentralized finance loans which are sent to borrowers who then get token offerings if they repay within certain timeframes. These tokens can then be redeemed at rates based on Jia’s profits. The company finds customers by utilizing local apps across different countries and industries where it works with companies such as Ilara Health – a medical inventory company that works with over 2,000 small clinics across Africa.
Jia is an innovative blockchain firm dedicated to helping small businesses and emerging markets thrive without sacrificing affordability or quality of service. With their latest fundraising efforts now complete, the firm will continue its mission of providing affordable financing options for micro businesses around the world – allowing them to become owners through rewards when loans are repaid on time.