TrueFi launches a debt financing portfolio independently-managed by Cauris Finance

on May 9, 2022

TrustToken, the firm behind top unsecured lending protocol TrueFi, has launched its first independently-managed lending portfolio, the firm said on Monday.

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The new loan portfolio will be managed by debt financing fintech startup Cauris Finance, via TrustToken’s TrueFi protocol. According to the announcement, the portfolio’s launch follows Cauris’ success in allocating over $85 million worth of loans to borrowers from across the globe.

Cauris Finance will thus look to use the portfolio to provide access to uncollateralized loans, particularly in the Global South regions where fintech startups have seen a massive uptick in development. Funding is key in these regions, including in Africa where startups continue to boom.

A $10 million portfolio

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According to details shared via the press release, Cauris is set to act as the first independent manager of a TrueFi portfolio. This will see the startup have control over the loan book, issuing loans directly to end borrowers.

The uncollateralized loans will be offered in fiat, and be administered as per local rules and regulations.

TrustToken said in its announcement that the Cauris portfolio will initially be capped at $2 million. However, this will slowly grow over time to grow into a $10 million product by the end of the year.

Interested projects should note that to borrow from the portfolio, one needs to be a verified non-US investor. The party will also have to go through a typical Know-Your’s-Customer check.