Huma raises $38m to hyper-scale its PayFi network

By Gloria Mathias

Huma, the Payment Financing (PayFi) network, has raised $38 million in funding. Distributed Global led the equity round, with participation from Hashkey Capital, Folius Ventures, the Stellar Development Foundation, and TIBAS Ventures. Part of this fundraise came as investments into high-yield real world assets (RWA) assets on the platform.

With this funding infusion, Huma plans to expand its PayFi network to the Stellar intelligent contract platform and Solana in the coming months, making it accessible from all the major payments-focused chains.

PayFi aims to address the giant liquidity gap by bringing trillions of dollars of real-world payment volume over to blockchains and stablecoins. Leveraging the core strengths of blockchain—global money movement in seconds through programmable money—PayFi also enables new real-world use cases that were previously impossible. Huma has built the PayFi network with all of these use cases in mind, adopting an open, modular, and decentralised approach to empower interoperable solutions across participants. By bringing the best of RWA, Payments, and DeFi together, Huma is creating a network that is far more efficient and accessible than traditional alternatives.

“While designing Huma, we often asked ourselves: How do you build an open payment financing network on blockchain that is more powerful than Visa? Today, stablecoins are already powering $2T in payments annually. An open payment financing network is going to help grow the entire payment ecosystem faster,” said Huma co-founder Richard Liu. “The surge of interest we’re seeing right now is a testament to PayFi’s potential. As more partners join us every week, it’s clear that PayFi is quickly becoming the new frontier of RWA.”

“Huma’s PayFi network represents an important step forward in payment financing, offering solutions to long-standing inefficiencies in the industry,” said Chao Deng, CEO of HashKey Capital. “We believe innovations like this are crucial for addressing real-world challenges, and we’re pleased to see Huma playing a key role in advancing the Web3 space.”