Huma Finance is a San Francisco Bay Area-based fintech that has raised $8.3 million in seed funding from investors including ParaFi Capital, Folius Ventures, and Race Capital. The company aims to offer an income-backed decentralized finance (DeFi) platform that allows people to earn higher yields on their savings than traditional banking methods.

The platform operates on the Ethereum blockchain, enabling users to deposit stablecoins, such as USD Coin, and earn interest that is backed by real-world income streams. Huma Finance also offers a built-in financial planning tool that helps users determine how much they need to save and invest to achieve their financial goals.

With the recent rise of DeFi, Huma Finance is among the latest companies seeking to disrupt traditional banking services by offering a decentralized, more accessible, and transparent financial system. The company’s mission is to bring DeFi to the masses, offering people of all income levels a chance to benefit from higher interest rates and greater financial freedom.

The seed funding will be used to further develop the platform, grow the team, and expand Huma Finance's reach. With the backing of experienced investors, the startup is poised for growth and to make an impact in the DeFi space. Visit the link for the latest found round from Huma Finance: https://founderlodge.com/round/Huma-Finance-raises-8300000-Seed-2023-02-28-Erbil-Karaman-MTAwMDE