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Jia Raises $3 Million Seed Round Led by Coinbase Ventures and Stellar Development Foundation

Jia said its total funding has reached $7.3 million, with backing from Coinbase Ventures, Stellar Development Foundation and A100x to help expand its integrated financial platform to more than 1 million SMEs in the Philippines.

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Summary

Jia announced a $3 million seed round with investors including Coinbase Ventures, Stellar Development Foundation and A100x, bringing its total funding to $7.3 million. The company said the new capital will be used to expand its integrated financial platform to more than 1 million small and medium-sized enterprises in the Philippines. Jia previously said it operates decentralized lending pools across Base, Stellar, Arbitrum, and Polygon and uses stablecoins for cross-border settlement.

Terms & Concepts
  • Stablecoins: Cryptocurrencies designed to maintain a stable value, commonly used for payments, trading, and cross-border settlement.
  • Decentralized lending pools: Blockchain-based liquidity pools that let users lend or borrow digital assets through smart contracts rather than traditional intermediaries.
  • Cross-border settlement: The process of transferring and finalizing payments between parties in different countries, which blockchain networks can help streamline.