TechFlow reported that Untangled Finance has partnered with French fintech lending firm Karmen to launch the first private credit pool on the Celo network. Operating under Luxembourg's securitization regulations, the pool has an initial debt ceiling of $6 million, allowing accredited investors to deposit USDC stablecoins and provide funding to Karmen, which focuses on delivering instant loans and working capital to small and medium-sized digital businesses in France. Fasanara Capital and The Credit Collective—an ecosystem development organization led by the Celo community—are among the early investors in the project. This new credit pool forms part of a potential senior facility agreement with Karmen, which has not yet been finalized.
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