Acumen Network was created to provide low-cost capital for small companies by bridging the gap between the crypto ecosystem and traditional assets.
About the Investment Announcement
Recently, Acumen announced on its official social media account that it had received a strategic investment from Blizzard’s team, the funder of the Avalanche ecosystem. With a dedicated team and unique ways of bringing the world of DeFi and traditional finance together, Acumen Network is making it easier and cheaper for entrepreneurs in emerging economies to access capital.
Acumen’s Acceleration
Acumen aims to enable depositors of all sizes to participate in the microfinance economy. Acumen recently provided over $250,000 in loans to Small and Medium Enterprises in El Salvador through its pilot launch. After that, it is ready to open pools for deposits of up to $20 million, starting with the Avalanche platform. Acumen Network also plans to expand globally, as well as position on a wide range of EVM Compliant networks, including NEAR and FUEL.
About Acumen Network
Acumen Network bridges the world of crypto and traditional assets, providing a lower cost of capital to Small and Medium Enterprises (SMEs) around the world. Acumen leverages DeFi technology to provide a sustainable return while empowering emerging economies.
About Blizzard
Blizzard is a $200+ million fund accelerating development, growth, and innovation across the Avalanche ecosystem and beyond, with contributions from the Avalanche Foundation, Ava Labs, Polychain Capital, Three Arrows Capital, Dragonfly Capital, CMS Holdings, Republic Capital, and others.
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