Divine raises $6.6M to expand Credit lending protocol

Divine has secured $6.6 million in seed funding to enhance Credit, its undercollateralized lending protocol aimed at borrowers lacking access to traditional credit. The funding round was led by Paradigm, with support from Nascent and angel investors. Since its launch in December 2024, Credit has issued over 175,000 loans to more than 100,000 unique borrowers. Unlike conventional lenders, Credit assesses repayment capacity based on borrower behavior rather than requiring collateral or credit histories. Initial loan limits start small but can increase up to $1,000 for timely repayments. Borrowers are encouraged to default early to minimize systemic risk. The loans are issued in stablecoins and managed via World Chain, targeting users primarily in countries like Argentina, Nigeria, and Colombia. Interest rates are flexible to match market conditions while remaining competitive with local offerings. The funding will support hiring and technical enhancements for improved accessibility for first-time users.

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