What is Cauris? What do you do?
- Cauris is the first independent manager of the TrueFi lending portfolio keeping an eye on investing in the DeFi world.
- Cauris launched with an initial $2 million on-chain loan offer and is expected to grow to $10 million by the end of the year.
- This product provides an opportunity for verified investors in new markets.
TrustToken, behind the unsecured lending protocol TrueFi, has launched the first independently managed loan portfolio. last monday
The new lending portfolio will be managed by a fintech startup that provides lending services to Cauris Finance via TrueFi’s TrustToken protocol. The portfolio launch builds on Cauris’ success in providing more than $85 million in loans to borrowers from around the world.
Therefore, Cauris Finance will use its portfolio to provide unsecured loans. Especially in the southern regions from around the world where fintech startups have developed and grown tremendously. where funding is important in this region Just like Africa where startups are constantly growing.
to $10 million in growth
According to information released in the press release, Cauris is set to act as the first independent manager of the TrueFi portfolio, which has the power to control and manage loans. or issue loans to borrowers directly
The uncollateralized loans will be offered in fiat, and be administered as per local rules and regulations.
These unsecured loans are offered in fiat money and operated according to the rules and regulations of the respective countries.
TrustToken revealed in a press release that Ports overseen by Cauris will grow from an initial $2 million and gradually grow towards $10 million by the end of the year.
Any interested project should know that borrowing from this portfolio must not be a US verified investor. It must also pass customer verification or KYC.
refer : LINK
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