Finna offers a platform for inflation-proof, FX-backed lending and global merchant payments, enabling users to secure low-interest fiat loans using digital assets as collateral. The service facilitates instant currency swaps and global money transfers, addressing the need for accessible liquidity and cost-effective cross-border transactions in emerging markets.
Funding
Funding not disclosed
Founders
Product
Problem
Individuals and businesses in emerging markets face challenges in accessing affordable fiat loans and cross-border payment solutions due to inflation and volatile local currencies. Traditional financial systems often lack the flexibility to leverage digital assets as collateral for loans or facilitate seamless currency swaps.
Solution
Finna provides a platform that enables users to obtain low-interest fiat loans using digital assets as collateral, mitigating inflation risks and providing access to capital. The platform facilitates instant currency swaps between African fiat currencies and digital dollars, allowing users to save value and capitalize on market volatility. Finna also offers a global money transfer service, enabling users to send and receive payments to any bank worldwide with speed and low fees.
Target Audience
Finna is designed for individuals and businesses in emerging markets seeking inflation-resistant savings, access to fiat loans, and efficient global payment solutions.
Features
- Digital asset-backed fiat loans with flexible repayment options
- Instant currency swaps between African fiat currencies and digital dollars
- Global money transfers to any bank account
- Secure digital wallet for storing crypto assets
- Payment API for businesses to buy and sell stablecoins and other digital assets
- Mobile app available on iOS and Android