Singapore-Based DeFi Lending Service Qiro Finance Secures $1.2 Million in Pre-Seed Funding Round

According to Odaily, Qiro Finance, a DeFi lending service company based in Singapore, has successfully raised $1.2 million in a pre-seed funding round. The round was led by Alliance, with participation from Druid Ventures, Escape Velocity (EV3), Trident Digital, and CMT Digital. The specific valuation information has not been disclosed yet. Qiro Finance's successful funding round signifies the growing interest and investment in the DeFi sector. The company's innovative approach to decentralized finance has attracted significant attention from investors, leading to this successful pre-seed funding round. The funds raised will likely be used to further develop and expand the company's DeFi lending services. The participation of notable investors such as Alliance, Druid Ventures, Escape Velocity, Trident Digital, and CMT Digital further underscores the potential and growth of Qiro Finance. However, the company has not yet disclosed the specific valuation information following this funding round.