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Masa Finance's mission is to make access to credit and wealth creation available to anyone through decentralized finance.
Masa Finance is looking to provide credit scoring via the blockchain, combining over 10,000 off-chain sources like banking data (via the co-founder’s other venture, Pngme), and on-chain data from 26 sources including crypto wallets and exchanges. The resulting hybrid and non-fungible credit score aims to help nearly 5 billion more people access lending at competitive rates.
It’s a modern solution to the equitable access issue which has been plaguing the credit sector for decades. Without access to fair, or even any, credit-building tools, bankless people are left behind in an increasingly credit-oriented global economy. Many fintech startups have stepped up to tackle the issue, either using traditional or blockchain data - but Masa are, to date, the only ones bridging the two data pools.
This will prove crucial if, as predicted, financial institutions continue their forward march towards a more blockchain-focused infrastructure over the coming decades. Masa’s is an ambitious goal that - if realized - could overhaul substantial issues with the sector and unlock increasingly vital financial products to radically underserved communities. With a rapidly-growing user base of 36,000+ already on the books, this recently launched operation is making good headway.
Steph
Company Specialist at Welcome to the Jungle
Jan 2024
$5.4m
SEED
May 2022
$3.5m
SEED
Brendan Playford
(Founder & CEO)A serial entrepreneur who founded B & R Playford, Crush Foods and then Swift Mine. Subsequently was a FullFunnel account director, then head of demand generation at DroneDeploy, before returning to entrepreneurship by founding Constellation Labs and Pngme.