What is Dharma?
Dharma aims to democratize global credit access through its peer-to-peer cryptocurrency lending infrastructure. Operating on the Ethereum blockchain, the platform facilitates financial transactions with a focus on making credit more readily available. Despite its mission, Dharma has recently paused new deposit and loan origination, signaling a strategic shift or product development phase, while allowing existing account holders to continue normal operations.
How much funding has Dharma raised?
Dharma has raised a total of $7.2M across 2 funding rounds:
Other Financing Round
$7M
Debt
$150K
Other Financing Round (2019): $7M, investors not publicly disclosed
Debt (2020): $150K led by PPP
Key Investors in Dharma
PPP
Public-Private Partnership
What's next for Dharma?
The recent major strategic investment, coupled with the total funding context of enterprise-level capital, suggests Dharma is navigating a critical phase of product evolution or market recalibration. The pause in new operations indicates a potential pivot towards enhancing its core technology or exploring new business models. Future developments will likely focus on re-engaging its user base and solidifying its position in the decentralized finance (DeFi) landscape, leveraging its established infrastructure and past backing.
See full Dharma company page
