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