DeFi platform Gluwa selected for Inclusive Fintech 50 competition

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DeFi ser­vices plat­form Gluwa was named a win­ner of the Inclu­sive Fin­tech 50 com­pe­ti­tion, Invezz learned from a press release. Gluwa com­bines invest­ment oppor­tu­ni­ties with DeFi infra­struc­ture to cre­ate a new finan­cial ecosys­tem for the unbanked or under­banked through its per­mis­sion­less Cred­it­coin blockchain.

Creating an inclusive ecosystem

Gluwa was select­ed to win the Inclu­sive Fin­tech 50 ini­tia­tive, which aims to find and sup­port ear­ly-stage fin­tech com­pa­nies to help cre­ate a more inclu­sive finan­cial ecosys­tem based on scale poten­tial, trac­tion, and inno­va­tion. There were near­ly 400 eli­gi­ble appli­ca­tions as part of the glob­al com­pe­ti­tion that is man­aged by the Cen­ter for Finan­cial Inclu­sion (CFI).


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Gluwa is well-posi­tioned to improve finan­cial inclu­sion. It is active in decen­tral­ized lend­ing and has a non-cus­to­di­al cryp­to wal­let. Recent­ly, Gluwa launched Gluwa Invest that offers up to 12% APY on deposits. The funds are dis­trib­uted to Gluwa Capital’s inter­na­tion­al net­work of fin­tech lenders.

Tae-Lim Oh, Co-founder and CEO of Gluwa, said in the press release:

We are hon­ored to have been select­ed for the Inclu­sive Fin­tech 50 com­pe­ti­tion. Our project aims to lever­age fin­tech and cryp­to to cre­ate basic finan­cial ser­vices for those who have been unserved until now. Our vision is ful­ly aligned with the spir­it of Inclu­sive Fin­tech 50, which is why this is going to be a great oppor­tu­ni­ty for us to cre­ate a net­work with investors or start-ups who want to make the vision a reality.

Creditcoin lays foundations for decentralized credit ecosystem

Cred­it­coin, Gluwa’s native token, lays the foun­da­tions for a decen­tral­ized cred­it ecosys­tem. It achieves this by record­ing lend­ing con­tracts on a decen­tral­ized blockchain. This way, under­banked users can devel­op a ver­i­fi­able cred­it his­to­ry and access cap­i­tal more easily.

Fintechs on developing markets can secure portfolios

Fin­techs on devel­op­ing mar­kets across the globe can use the Cred­it­coin blockchain to secure their loan port­fo­lios. They can also use this cred­it his­to­ry to max­i­mize lend­ing poten­tial by tap­ping into lend­ing pool liquidity.

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