Credit Coop secures 4.5 million USD in seed funding for blockchain credit agreement

On August 30, Credit Coop announced a successful seed funding round of 4.5 million USD, led by Maven 11 and Lightspeed Faction with participation from Coinbase Ventures and others.

The raised funds will assist in developing a credit agreement leveraging Spigot smart contracts, aiming to automate loan services and improve the transparency of credit monitoring.

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