Huma Finance is excited to share the news of the successful integration and operational launch of Arf and Jia’s credit solutions using the recently launched native USDC on Celo. This marks an important step in the ongoing collaboration among Huma, Circle, and the Celo ecosystem, aimed at enhancing financial inclusivity and fairness.
Jia launched their credit solution on the Huma platform last year, offering loan services to SMEs in Kenya and the Philippines. Arf launched their credit solution shortly after, providing liquidity to cross-border payment providers to scale, and have recently surpassed $1 billion in on-chain liquidity volume. Both are utilizing native USDC on Celo shortly after its launch on February 22nd.
The use of native USDC on Celo by both credit solutions not only streamlines operations but also embodies our mutual goal of creating a financial environment where access to capital is more universally available. It is a testament to the power of collaborative technology in breaking down traditional barriers to financial services.
“The Huma Finance team, along with Jia and Arf, highlight the potential of native USDC on Celo to empower entrepreneurs in emerging markets and reduce liquidity lockups that exist in traditional cross-border payments,” said Isha Varshney, Head of Ecosystem at the Celo Foundation. “We’re excited to see innovative RWA use cases continuing to emerge through the Celo ecosystem.”
Huma Finance is building a collaborative platform for mission-driven companies like Arf and Jia to thrive. By deepening existing partnerships and exploring new ones, Huma aims to enhance its platform's technical capability to support impactful financial solutions.
Erbil Karaman, Co-founder and Co-CEO of Huma Finance, elaborates, “This collaboration with the Celo ecosystem and Circle exemplifies the strength of our partnership and technology in transforming the financial landscape, ensuring that everyone, everywhere, has access to cutting-edge financial solutions. USDC is one of the most trusted and widely adopted stablecoins, and this move enables us to expand our offerings to create a more equitable and inclusive financial ecosystem."
As Huma Finance moves forward, we remain committed to our vision of a more accessible and inclusive financial system. This achievement is not just a milestone for Huma and its partners but a step forward for the entire financial industry towards embracing the potential of blockchain for global financial equity.