Fenynx
Fenynx provides a digital platform enabling individuals and businesses to borrow Brazilian reais using Bitcoin or XRP as collateral, without selling their crypto assets, with funds delivered via PIX in as little as 12 business hours. The company also offers a white-label lending infrastructure via SDK/API for financial institutions, plus crypto trading and tokenized real asset investments. The platform reports over $10 billion in operational volume through its global partners.
- Financial Technology
- Blockchain & Cryptocurrency
- Artificial Intelligence
- Software Only
Funding
Founders
Founder details are not available yet.
Product
Problem
Traditional lending requires liquidating digital assets or navigating slow, paperwork-heavy bank credit, forcing holders of Bitcoin and other digital assets to choose between selling their holdings or waiting days for financing. Financial institutions also lack ready-made infrastructure to offer digital-asset-backed credit, facing high development costs and custody complexity.
Solution
Fenynx lets users borrow against Bitcoin or XRP without selling them, delivering credit in Brazilian reais via PIX in as little as 12 business hours at rates from 1.40% per month. Its platform provides collateral management with segregated custody through institutional partners, real-time LTV monitoring, and automated alerts at 70% LTV with partial liquidation at 80%. For financial institutions, Fenynx offers a white-label lending platform via SDK or API, enabling fintechs, BaaS providers, and ERPs to offer digital-asset-backed credit without building in-house technology or custody. The company reports over $10 billion in operational volume through its global partners and an architecture built for high transaction throughput.
Target Audience
Primary customers include cryptocurrency holders seeking liquidity without selling assets, as well as fintechs, BaaS providers, exchanges, ERPs, and SaaS platforms that wish to embed digital-asset-backed lending into their offerings.
Features
- Credit backed by Bitcoin or XRP from 1.40% per month (18.16% per year) plus a 2% administration fee (minimum R$ 135) and IOF
- Funds delivered in Brazilian reais via PIX in general within 12 business hours after collateral confirmation
- White-label infrastructure with SDK and API integration for fintechs, BaaS, ERPs, and SaaS platforms
- Real-time LTV monitoring with email alerts at 70% LTV and partial liquidation at 80% LTV
- Segregated custody through institutional partners with collateral held in client-named wallets
- Crypto trading (Bitcoin, Ethereum, XRP, USDT, USDC, RLUSD) with smart strategy rebalancing, plus tokenized real assets from R$ 25
- Upcoming US dollar global account with ACH, RTP, Wire, and SWIFT, with PIX deposits and transfers to 226 countries