Goldfinch

Blockchain-based lending platform for SMEs

Walnut, California, United States

About Goldfinch

Goldfinch Finance provides a platform that connects small and medium-sized enterprises (SMEs) and impact-driven organizations in emerging markets with lenders through blockchain technology. The platform allows borrowers to access crypto capital for off-chain lending, meaning they can receive loans in traditional currencies funded by cryptocurrency. This approach addresses the difficulties these businesses face in obtaining financing, especially in regions with limited financial services. Goldfinch Finance generates revenue by charging fees on transactions between borrowers and lenders, where borrowers pay interest on loans and lenders earn yields on their investments. The platform also offers insurance coverage to protect against risks associated with smart contracts, enhancing user trust. With a leadership team experienced in sustainable impact companies, Goldfinch Finance aims to democratize access to capital and promote sustainable development globally.

Walnut, CaliforniaHeadquarters
2020Year Founded
$35MTotal Funding
SERIES_ACompany Stage
Fintech, Crypto & Web3, Financial ServicesIndustries
11-50Employees

Benefits

All roles include meaningful equity and tokens
Healthcare, dental, vision
Occasional free lunch
Maternal / Parental leave

Risks

Increased competition from platforms like Maple Finance could impact Goldfinch's market share.
A recent $7 million loss highlights vulnerabilities in Goldfinch's risk assessment processes.
The default of a $5 million loan by Tugende indicates challenges in borrower reliability.

Differentiation

Goldfinch offers crypto loans without collateral, unlike most DeFi platforms.
The platform connects borrowers with lenders through a decentralized system, enhancing accessibility.
Goldfinch provides industry-leading insurance coverage to protect against smart contract risks.

Upsides

Increased interest in DeFi insurance products enhances user trust and security for Goldfinch.
The rise of blockchain-based identity verification streamlines KYC processes, reducing onboarding friction.
Growing adoption of stablecoins in emerging markets facilitates stable loan repayments for Goldfinch.