Haraka offers a social finance platform, Bondy, that provides borderless, personalized credit using stablecoins and alternative data to assess borrowers. The service targets individuals, entrepreneurs, and businesses, delivering low‑interest loans that are disbursed quickly via blockchain. Haraka monetizes through interest on the loans while leveraging community‑based risk assessment to maintain low default rates.
Funding
$100K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Entrepreneurs in emerging markets often lack access to traditional financing due to limited credit history and collateral, hindering their ability to secure capital for growth. Existing lending models struggle to assess the creditworthiness of these businesses, leading to underinvestment in high-potential ventures.
Solution
Haraka provides a blockchain-based community credit protocol that uses social reputation as collateral to facilitate loans, connecting investors with entrepreneurs seeking capital. The protocol enables communities to vouch for local businesses, leveraging their collective credibility to underwrite loans in local stablecoins. This approach unlocks funding opportunities for entrepreneurs who may be excluded from traditional financial systems, fostering economic development and financial inclusion.
Target Audience
The primary target audience includes entrepreneurs in emerging markets seeking access to capital, as well as investors interested in supporting local businesses and earning returns through tokenized private credit markets.
Features
- Decentralized lending platform leveraging blockchain technology for transparency and security
- Community-based credit assessment using social reputation as collateral
- Loan underwriting in local stablecoins to mitigate currency risk
- Tokenized private credit markets connecting investors with entrepreneurs
- Transparent and auditable loan performance tracking on the blockchain