3Jane Reaches Forward Flow Financing Agreement with Settle for Up to $100 Million

BlockBeats news, November 5 - Unsecured credit lending protocol 3Jane announced that it has reached a forward flow financing agreement of up to $100 million with Settle, a working capital platform for U.S. consumer packaged goods (CPG) brands.

The financing facility has an initial commitment of $50 million, with an option to expand to $100 million. 3Jane already holds approximately $30 million of Settle's existing loans. As a forward flow buyer, 3Jane purchases loans from Settle's $240 million warehouse facility after loan origination to support its continued expansion and drive the development of the on-chain ABS market.