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Debifi Secures Funding to Redefine Bitcoin Lending 12-27-2024 11:22 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: ABNewswire "Don't Sell, Borrow" Approach Revolutionizes Bitcoin-backed Financing Image: https://www.abnewswire.com/uploads/9d5bdd8a25d7892dfbc892d20b36393a.png Lugano - December 27, 2024 - Debifi, the leader in secure, non-custodial Bitcoin-backed lending, has successfully closed its seed funding round, solidifying its position as a pioneer in the space. Spearheaded by Timechain, the round attracted top investors, including Axiom BTC Capital, Fulgur Ventures, Plan B Fund, Epoch VC, Cep Private Equity, Exodus I GmbH, and influential figures like Willy Woo, Brad Mills, Chris Hunter, and Giacomo Zucco. About Debifi Debifi is a non-custodial Bitcoin lending platform designed to unlock Bitcoin's true potential as superior collateral. The company, established by Bitcoin industry leaders is setting the pace in Bitcoin-only lending. Using secure multisig escrow arrangements and a commitment to transparency, Debifi offers unmatched solutions for individuals and institutions. Empowering Bitcoin Holders: "Don't Sell, Borrow" Debifi aligns its mission with the principles of long-term Bitcoin holders, drawing inspiration from Michael Saylor's famous philosophy: "Bitcoin is a long-term asset, and the key to preserving its value is to never sell it." Debifi provides a groundbreaking alternative for Bitcoin holders, enabling them to borrow against their BTC without selling it. The platform's non-custodial model and no-rehypothecation commitment ensure unmatched transparency and security. Visionary Investors Back Debifi - Alexander Mann, Partner at Timechain: "Debifi has crafted an unparalleled Bitcoin-backed loan solution that sets the gold standard globally." - Allen Farrington, Partner at Axiom BTC Capital: "Debifi is not just positioned to benefit from Bitcoin's integration into capital markets-it's driving this shift." - Eric Yakes, Epoch VC: "The Bitcoin lending market is poised for explosive growth, and Debifi is at the forefront with ideal UX and counterparty assurances." - Willy Woo: "Bitcoin's return profile far exceeds borrowing costs, making Debifi's infrastructure critical for holders looking to borrow instead of sell." CEO Max Keidun's Vision Debifi's CEO, Max Keidun, shared the company's ambitious roadmap: "Our mission is to revolutionize Bitcoin-backed lending by making it secure, transparent, and globally accessible. This funding accelerates our development of new credit products, some of which will be launched in early 2025. We are dedicated to matching institutional liquidity with Bitcoin holders worldwide, providing a simple, non-custodial lending solution. Our goal is to help Bitcoin holders avoid selling their assets while putting lenders on the Bitcoin standard." Strategic Use of Funds The seed funding will support key initiatives, including: 1. Team Expansion: Growing technical and business development teams to meet increasing demand. 2. Market Expansion: Establishing a presence in new global markets. 3. Product Innovation: Launching advanced Bitcoin-backed credit solutions with a focus on non-custodial, no-rehypothecation models. 4. Marketing: Boosting awareness and adoption through targeted campaigns. Momentum and Market Impact Debifi has achieved significant traction since its beta launch: - Loan Originations: Doubling quarterly in volume and size. - User Growth: The launch of Debifi's iOS app accelerated user expansion, achieving 2x monthly growth in recent months. - Institutional Lenders: Requests surged 4.5x in Q4, with onboarding rates up 250% compared to Q3. Bitcoin as "Super Collateral" As Bitcoin continues to appreciate, holders increasingly seek alternatives to selling their assets. Institutional adoption is also accelerating, with corporations recognizing Bitcoin's value as unmatched collateral for borrowing. Debifi's non-custodial lending solutions address this demand by providing secure, transparent, and efficient ways for holders to borrow against their BTC. Future Plans Looking ahead, Debifi is set to unveil a suite of groundbreaking Bitcoin-backed credit products in early 2025. These cutting-edge features are tailored to redefine the standard for secure, non-custodial lending, further cementing Debifi's reputation as a global leader in Bitcoin-backed financing. Kindly visit https://debifi.com [ https://debifi.com/ ] and https://debifi.com/publications/funding-round-success [ https://debifi.com/publications/funding-round-success%20 ] for additional information on Debifi's solutions or learn about our investment opportunities. Join us on social media: https://x.com/debificom [ https://x.com/debificom%20 ] and https://linkedin.com/company/debifi [ https://linkedin.com/company/debifi%20%20 ] Media Contact Company Name: Debifi SA Contact Person: Sergejs Ponomarjovs PR & Media Relations Email:Send Email [ https://www.abnewswire.com/email_contact_us.php?pr=debifi-secures-funding-to-redefine-bitcoin-lending ] Country: Switzerland Website: https://debifi.com This release was published on openPR.
MINNEAPOLIS — The Minnesota Vikings were ready to start their postgame ritual in honor of a ninth consecutive victory before realizing Sam Darnold was still missing from the raucous locker room because he was finishing his interview with the TV broadcasting crew. He was well worth the wait, on so many levels. Darnold added another exploit to his career-altering season, passing for a personal-best 377 yards and three touchdowns as the Vikings hung on to beat the Green Bay Packers 27-25 on Sunday and moved tantalizingly close to the NFC's top seed for the playoffs. “Just to see how he's ultimately been able to maximize everything about his opportunity, our football team loves him for it,” coach Kevin O'Connell said. “I've had an absolute blast coaching him.” The Vikings (14-2) set up a final-week showdown in Detroit for both the NFC North title and the first-round-bye-plus-home-field-advantage package that comes with the best record in the conference, finishing 7-1 at U.S. Bank Stadium where their blitz-fueled defense has fed well off the deafening crowd. “Playing here, our opponents feel that,” said linebacker Blake Cashman, who had a team-leading 11 tackles and 11⁄2 sacks to help keep Packers quarterback Jordan Love from ever finding a rhythm. Darnold hit Jalen Nailor, Jordan Addison and Cam Akers for scores to raise his passing touchdown total to 35, the fourth-most in NFL history by a player in his debut season with a team. When Darnold jogged into the locker room after his interview with, of all people, Tom Brady, the seven-time Super Bowl champion and now the lead analyst on Fox, he was doused in water by his teammates and hoisted in the air. “It was just mayhem,” Darnold said, smiling wide. “I think I blacked out when Aaron Jones grabbed me and lifted me up.” Love’s only touchdown pass for the Packers (11-5) came with 2:18 left, a 3-yard toss to Malik Heath that trimmed their deficit to two points and reignited the “Go Pack Go!” chants from the green-clad fans mixed in among the purple in another classic edition of this divisional rivalry. Despite another fierce climb out of a gaping hole against Minnesota this season, following a 31-29 loss in Green Bay on Sept. 29 that started with a 28-0 deficit, the Packers fell to a troubling 0-5 against the top three teams in the NFC. “We know what type of team we are,” Love said. “There’s just a lot of stuff to clean up.” The Packers were swept by the Lions, too, and lost their opener in Brazil to the Eagles. “I can’t sit up here and say, ‘Yeah, we’re on the same level,' if we ain’t beat them,” safety Xavier McKinney said. “We've got to be more on our details. We've got to play cleaner. We've got to start faster.” Josh Jacobs and Emanuel Wilson rushed for second-half touchdowns to fuel the late surge by the Packers after Will Reichard’s second missed field goal of the game for the Vikings with 9:18 remaining prevented them from pushing the lead to 20. But with the score too close for comfort and the Packers holding all their timeouts before the two-minute warning, O'Connell didn't hesitate to trust Darnold to win it. Darnold ran bootlegs for completions for two vital first downs, one to fullback C.J. Ham and one on third-and-2 that Akers snagged just before it hit the turf to force the Packers to use their final timeout. On the play before that, Darnold hit Justin Jefferson in tight coverage for 9 yards on another rollout. “We can be aggressive, but he's still going to be a great decision-maker,” O'Connell said. “He's playing quarterback at a very, very high level.” Darnold went 33 for 43 with one interception as the Vikings ran 70 plays for 441 yards, their second-highest total of the season. He passed Brett Favre (33, Vikings, 2009) and Vinny Testaverde (33, Ravens, 1996) for fourth place in touchdown passes in a debut season. The third overall pick in the 2018 draft by the Jets trails only Matthew Stafford (41, Rams, 2021), Brady (40, Buccaneers, 2020) and Peyton Manning (37, Broncos, 2012). Stafford and Brady won the Super Bowl those years. Manning is in the Pro Football Hall of Fame. Packers: WR Christian Watson (knee) was inactive. LB Quay Walker (ankle) missed his second straight game and CB Jaire Alexander (knee) was sidelined for the sixth consecutive game and the ninth time this season. ... Two backups, FS Zayne Anderson and DE Brenton Cox, entered the concussion protocol during the game and did not return. Vikings: Jones (quadriceps) was pulled in the fourth quarter as a precaution, O'Connell said. ... OLB Patrick Jones (knee) limped off after Packers TE Tucker Kraft delivered a low, diving block that drew loud boos after the replay was shown on the video board but no penalty. The Packers host Chicago to finish the regular season next weekend, when the Vikings visit Detroit.Syrians cheer end of 50 years of Assad rule at first Friday prayers since government fell
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