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Jia - Seed
Overview
Funding Date
May 17, 2023
Financing amount
$4.3M
Valuation
--
Category
Subcategory
About Jia - Seed
Jia, a blockchain-based fintech providing loans to micro and small businesses in emerging markets, has raised $4.3 million seed funding, and an additional $1 million commitment for on-chain liquidity, in a round led by early-stage backer TCG Crypto, with participation from a number of funds including Blocktower, Hashed Emergent, Saison Capital and Global Coin Research. Angel investors Packy McCormick (the Not Boring founder), Anand Iyer of Canonical Crypto and Jared Hecht and Rory Eakin, the founders of fintech lending companies Fundera and CircleUp, respectively, also took part in the round. The fintech plans to use the funding to double down on its operations in Kenya and the Philippines before exploring new markets in West Africa, Latin America and Asia.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2010 | 6 | -- | ||
| Fund | United States of America | 2017 | 35 | [email protected] | ||
| Fund | Korea (the Republic of) | 2017 | 104 | [email protected] | ||
| Fund | Japan | 2015 | 25 | -- | ||
| DAO | -- | 2018 | 22 | -- | ||
| Angel Investor | United States of America | -- | 20 | -- | ||
| Angel Investor | Unknown | -- | 2 | -- | ||
| Angel Investor | -- | -- | 2 | -- | ||
| Angel Investor | United States of America | -- | 1 | -- |
Founders & Team
Zach Marks
Cheng Cheng
Ivan Orone
Yuting Wang
Company Profile / Project Introduction
Jia provides blockchain-based loans, investments and ownership to businesses in every corner of the world. Jia was founded last year by Zach Marks, Cheng Cheng, Ivan Orone and Yuting Wang, all ex-Tala executives. The startup taps decentralized finance to offer loans to borrowers, who receive tokens after repayment that they can later redeem at a rate agreed upon based on Jia's profits.