Fintech company Newity has completed a $11 million strategic fundraising round, led by CMT Digital

BlockBeats News, February 20, Fintech company Newity has completed a $11 million strategic financing round, led by CMT Digital.

Newity plans to migrate its small business lending business to the blockchain, having currently provided financing services totaling over $12 billion to more than 125,000 small businesses, with an average loan size of approximately $118,800. Newity Co-founder and Co-CEO Luke LaHaie stated: We are not just improving small business lending, but rebuilding the financial infrastructure that connects entrepreneurs with capital.