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Qiro Finance, a DeFi credit services company headquartered in Singapore, announced the completion of a $1.2 million Pre-Seed funding round, led by Alliance, with participation from Druid Ventures, Escape Velocity (EV3). ), Trident Digital and CMT Digital are yet to be revealed. Qiro Finance aims to address the large credit gap prevalent in regions such as Southeast Asia by leveraging blockchain technology and a stablecoin framework. In addition to the funding, Qiro Finance also received a MATIC grant of 100,000 from Polygon and a development grant of 50,000 USD from the Aptos Foundation.
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