Cash flow gaps represent a real threat to many large-scale businesses and manufacturers. Centrifuge minimizes that threat by leveraging blockchain to ensure businesses always get paid on time.
The company was founded by leading supply-chain financing provider Taulia, which moves billions of dollars every day. Their expertise and enviable track record has lent the company considerable status and credibility. The option to finance real-world assets without the involvement of a bank, and with the openness of blockchain, has had broad appeal.
Centrifuge won a spot on Polkadot's parachain in 2022. These sorts of partnerships and developments will allow the company to successfully compete with other decentralized financing solutions. Series A funding awarded in 2024 is being used to accelerate the widespread adoption of DeFi solutions.
Steph
Company Specialist at Welcome to the Jungle