Textile Onchain Private Credit in Emerging Markets Deploy on Celo

Emerging-market fintechs and credit managers face a $5.7 trillion financing gap between the capital they have and the capital they need to scale. Textile, the first self-service platform for onchain private credit, deployed on Celo in its mission to bridge that gap. The protocol is designed to allow third-party users to experiment with onchain representations of private credit instruments using open blockchain infrastructure. Built on Celo’s fast, low-cost Ethereum Layer 2 designed for the real world, Textile enables credit companies to tokenize debt, launch onchain pools, and connect with global lenders without technical barriers or gatekeepers.

Celo provides the infrastructure Textile needs to serve regional lenders and borrowers across Latin America, Africa, and Southeast Asia, including mobile-first optimization and an expansive native stablecoin ecosystem. The network’s strong footprint in the Global South, with 700K+ daily active users (DAUs), supports Textile’s expansion across regions traditionally excluded from global capital markets.

Textile allows credit managers and fintechs to deploy debt pools onchain with a few clicks, issuing native tokens that programmatically represent underlying loan obligations. Third-party participants may choose to interact with these pools according to the protocol’s rules and applicable local regulations. The protocol serves markets traditionally overlooked by venture capital – microfinance in Kenya, invoice factoring in the Philippines, SME lending in Colombia – reducing technical overhead and enabling onchain coordination between participants

Five permissionless pools are now live, with additional fintechs forthcoming. Businesses with live pools today include:

• Quipu Bank: a credit platform for the microbusiness economy in Latin America
• Leja: a digital ledger and lending platform for informal merchants in Kenya

Textile’s no-code debt tokenization feature is the first live feature on its roadmap, with a robust feature set focused on data transparency, risk tooling, and composability coming soon.

To learn more about Textile, visit app.textilecredit.com,

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