Arf Financial and Huma Finance, two prominent Turkish fintech startups previously showcased at the Singapore Fintech Festival in the Investment Office's pavilion, successfully secured USD 38 million in a funding round led by Distributed Global. The round also saw participation from a group of investors, including HashKey Capital, Folius Ventures, Stellar Development Foundation, and TIBAS Ventures.
This investment represents a significant step in the expansion plans for Arf's global liquidity platform and Huma Finance, the first Payment Financing (PayFi) network. The two companies recently merged, combining their strengths to enhance their presence in the global fintech landscape. The newly raised funds will be allocated to advancing tokenized real-world assets (RWA) and expanding into new blockchain ecosystems, such as Solana and Stellar's Soroban.
This merger and investment highlight the growing global recognition of Turkish fintech innovations, particularly in emerging sectors. With this financial boost, Arf Financial and Huma Finance are well-positioned to enhance their services and contribute further to the dynamic fintech ecosystem.