The blockchain credit protocol Credit Coop has completed a $4.5 million seed round financing, led by Maven 11 and Lightspeed Faction

ChainCatcher news, according to PR Newswire, the blockchain credit protocol Credit Coop announced the completion of a $4.5 million seed round financing, led by Maven 11 and Lightspeed Faction, with participation from Coinbase Ventures, Signature Ventures, Veris Ventures, TRGC, and dlab.

The new funds will be used to support its credit protocol that transforms business cash flow into programmable collateral based on Spigot smart contracts, providing real-time settlement, automated loan services, and transparent credit monitoring.