TrueFi

San Francisco, United States · Founded 2020

Employees
11–50
Founded
2020
Business Model
B2B
Website
truefi.io
Last Round
SeedAug 2021
Rounds
1

About

TrueFi is a DeFi credit protocol launched in November 2020 by Rafael Cosman that pioneered uncollateralized lending on the Ethereum blockchain. The protocol introduced on-chain credit scores to replace traditional collateral requirements, enabling verified institutional borrowers to access capital based on reputation and creditworthiness. Over its history, TrueFi originated over $1.7 billion in loans to more than 30 institutional borrowers. The protocol has since rebranded to Brila, expanding into a multi-product DeFi ecosystem including Elara (yield optimization), Cyan (NFT lending), and Brila RWA (institutional real-world asset lending). Headquartered in San Francisco, TrueFi/Brila is backed by investors and operates as a DAO-governed protocol.

Summary

TrueFi is a Crypto & Web3 company based in San Francisco, United States, founded in 2020. Its most recent funding was a Seed round in Aug 2021. Investors include BlockTower Capital, Andreessen Horowitz and Jump Capital.

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Funding History

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