Firelight Secures $8M to Democratize Decentralized Finance for Fintechs

Firelight, a DeFi (Decentralized Finance) platform, has raised $8 million in funding. The company plans to use this investment to expand its services beyond XRP, a popular cryptocurrency.

The move is aimed at making DeFi less intimidating for fintech companies, which often struggle with the complexity and regulatory uncertainty associated with decentralized finance.

Firelight's platform provides a suite of tools and services that enable businesses to build and manage their own DeFi applications. The company has already gained traction in the market, having secured partnerships with several major financial institutions.