DeFi credit service company Qiro Finance completes $1.2 million Pre-Seed round of financing, led by Alliance

Qiro Finance, a DeFi lending service company based in Singapore, announced the completion of a $1.2 million Pre-Seed round of financing, with Alliance leading the investment and Druid Ventures, Escape Velocity (EV3), Trident Digital, and CMT Digital participating. The specific valuation information has not been disclosed. Qiro Finance uses Blockchain technology and stablecoin frameworks to address the significant credit gap in Southeast Asia and other regions. The project plans to use this funding to further develop its decentralized lending protocol and enhance the ability of tokenized RWA-supported credit applications.