Newity’s $11M funding round led by CMT Digital supports its plan to migrate $12B in small business loan operations onto blockchain, enhancing transparency and efficiency.
On Feb. 20, fintech company Newity announced an $11 million strategic funding round led by CMT Digital to migrate its lending operations onto blockchain systems. Newity has financed over 125,000 small businesses with a total of $12 billion in loans, averaging $118,800 each. The blockchain shift aims to improve transparency, operational efficiency, and access to funding.