<aside> 💡 We are excited to share that Cauris Finance is opening its next Borrower Pool for $10M on the Goldfinch Protocol. The Pool will open for funding at 8am PST on Tuesday, May 3, 2022.
</aside>
| Name | Detail |
|---|---|
| Borrower Pool Page | https://app.goldfinch.finance/pools/0xd43a4f3041069c6178b99d55295b00d0db955bb5 |
| Estimated Backer APY | 37%-57% (17% USDC APR + 20% - 40% GFI rewards) |
| Deal Size | $10,000,000 |
| Backer Allocation | $2,000,000 |
| Use of Funds | Proceeds will be used to provide additional backing to African fintechs in their quest to provide access to financial services to millions of traditionally underbanked customers. |
| Term** | 3 years |
| Leverage Ratio | 4x |
| Annual interest rate paid by Cauris | 10% |
| Who can participate | US accredited individuals, US accredited entities, Non-US individuals, Non-US entities |
| Identity Verification Requirement | To participate, Backers will have to mint their Unique Identity NFT. Find out more https://docs.goldfinch.finance/goldfinch/unique-identity-uid/for-users. |
April 26th - Due diligence commences
May 3rd - Pool Open for funding at 8AM PST
The Cauris team brings significant experience in fintech companies, structured and private credit, and law across multiple geographies. To date, we have borrowed over $15M from the Goldfinch community for companies like Branch, Float, and Lipa Later and, in total, committed $85M in lending to best-in-class fintechs in Africa, Asia and Latin America. Below are the bios from the Cauris leadership team:
Alexandre Liege | Co-founder & CEO
Azer Songnaba, CFA | Co-founder & Chief Investment Officer
Alexander Raia | Managing Director