Qiro
7 known investors
Qiro is a lending platform that uses stablecoins to let fintech borrowers tokenize their asset portfolios and raise debt capital, while stablecoin investors deploy capital into curated private credit deals. It provides tools for tokenization, underwriting, capital formation via smart contracts, and deal monitoring for private credit markets.
Also known as Qiro · Qiro Finance
Founders & leadership
Investors · 7
Also in the syndicate · 3
Company profile
researched Aug 2026Qiro (Qiro Finance) operates a stablecoin-powered lending platform that connects investors holding stablecoins with private credit borrowers. The platform bundles four functions: tokenization of borrower assets into programmable, auditable instruments; digitized, data-driven underwriting covering borrower onboarding and credit scoring; capital formation, including compliant investor onboarding and automated funding via smart contracts; and deal monitoring with dashboards covering repayments, defaults and investor allocations.
Underneath the marketplace, Qiro is building what it describes as a distributed credit underwriting network: structured credit data is collected from off-chain sources and passed to independently operated underwriting compute nodes hosted by credit experts, which run credit models and policies in a verifiable compute environment and post aggregated results on-chain with computation proofs. Nodes stake to join the network, are rewarded for underwriting lending pools, and can invest in the junior tranche to align incentives with loan performance. The same nodes are intended to monitor collateral and covenants after loan origination. Qiro's stated aim is for this data and underwriting layer to serve other real-world-asset (RWA) credit marketplaces and protocols, with additional applications such as DePIN financing and embedded financing envisaged on top of the protocol.
The Qiro Marketplace is the first application built on the protocol, structuring each lending pool into a senior tranche funded by stablecoin investors and a junior tranche taken by credit underwriters and asset originators, providing a credit risk buffer for senior investors. Participation is limited to KYC/AML-whitelisted asset originators and stablecoin investors.
Founding story
Qiro Finance was founded in 2023 by Akshay Poshatwar (CEO) and Nishikant Bahalkar (CPO), who combined backgrounds in traditional fintech lending and DeFi protocol building. The team says it researched and built the protocol for months before a public introduction, published on Mirror in June 2024, with the aim of building global private credit infrastructure on DeFi rails to address the emerging-market credit gap left by risk-averse bank-dominated lending.
Business model
Qiro intermediates between fintech and non-bank asset originators seeking debt capital and stablecoin holders seeking fixed-yield exposure, operating a marketplace of curated, tranched private credit pools. Documentation references a fee structure for marketplace participants, and the underwriting network is designed around staked underwriter nodes that earn rewards for underwriting pools and take junior-tranche exposure. Qiro also positions its underwriting infrastructure as a service to other RWA financing platforms.
Qiro's documentation describes fees associated with the Qiro Marketplace for investors, borrowers and pool admins.
Traction
Qiro raised a $1.2 million pre-seed round announced in June 2024 and received a 100,000 MATIC grant from Polygon's Village Build Ideas Program and a $50,000 development grant from the Aptos Foundation. It targeted a testnet launch in Q3 2024 followed by mainnet, and has since run a public testnet and launched a live app. Recent company news items describe a strategic partnership with Huma Finance, appointment as private credit underwriting partner by infiniFi (August 2026), tokenized exposure to Fasanara's GDADF via mGLOBAL (June 2026), and a shift "from underwriting to infrastructure" in Q2 2026.
Latest developments
Company news lists a strategic partnership with Huma Finance, an item dated 24 June 2026 on mGLOBAL providing tokenized exposure to Fasanara's GDADF, a 18 July 2026 update titled "Qiro Q2 2026: From Underwriting to Infrastructure," and a 26 August 2026 announcement that infiniFi appointed Qiro Finance as its private credit underwriting partner.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
Qiro positions itself in the on-chain private credit segment of real-world asset tokenization, arguing that existing on-chain credit suffers from off-chain ledgers disconnected from protocols, reliance on pool delegates or originators as opaque underwriters, weak risk pricing for complex assets, and a lack of active post-loan risk monitoring. It cites roughly $8 billion invested in on-chain RWA protocols and the entry of managers such as BlackRock and Franklin Templeton as evidence of sector momentum, and KKR data showing APAC accounting for 21% of private lenders versus 67% for the US as the credit gap it targets.
Rather than relying on a single pool delegate or the asset originator to underwrite tokenized loans, Qiro distributes underwriting across multiple staked expert nodes whose outputs are verifiable on-chain and who take junior-tranche exposure, which the company presents as reducing bias and adverse selection while enabling active collateral and covenant monitoring.
Technology
The platform runs on blockchain rails using stablecoins for settlement. Asset portfolios are tokenized; capital formation and pool mechanics are automated through smart contracts with tranching into senior and junior positions. The underwriting layer aggregates off-chain credit data and executes underwriter credit models in a verifiable compute environment, posting results and computation proofs on-chain. The company links to a security audit and has run a public testnet.
Go-to-market
Qiro promotes early-access sign-up for asset originators, stablecoin investors and credit underwriters, publishes technical documentation and blog content, and builds distribution through ecosystem partnerships and grants, including collaborations with Huma Finance and an underwriting partner role for infiniFi.
Fintech and non-bank financial institution (NBFI) asset originators in emerging markets, initially Southeast Asia, seeking stablecoin debt capital; stablecoin and institutional investors seeking private credit yield; and credit underwriting experts operating network nodes. RWA financing platforms are a further target for the underwriting infrastructure.
Geography
Press coverage lists Singapore as headquarters, with a Bengaluru-datelined announcement and Indian startup media coverage. The initial commercial focus is fintech asset originators in Southeast Asian markets, with a roadmap to other emerging markets and a stated ambition to lend globally.
History
The company was founded in 2023 and publicly introduced itself in June 2024 alongside a $1.2 million pre-seed round led by the web3 accelerator Alliance. It planned a Q3 2024 testnet for the Qiro Marketplace and a mainnet launch later that year, with pre-seed proceeds directed to product development, hiring and ecosystem expansion. Documentation covers a public testnet and marketplace product guides for investors, borrowers and pool admins. Later company news covers partnerships and an expanded underwriting-infrastructure role.
Risks & controversies
Qiro's own materials identify credit risk that smart contracts cannot mitigate, adverse selection and credit defaults as core problems in on-chain private credit; its pool design relies on junior tranches to buffer senior investors. Access is restricted to KYC/AML-whitelisted participants. Coverage of the pre-seed round noted a hostile Indian regulatory backdrop for crypto, including Reserve Bank of India warnings of systemic risk, a 30% tax on crypto sales and 1% TDS on transactions above INR 10,000.
Compiled by commissioned research from 10 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 10
launches, deals, and filingsCompany news item describing mGLOBAL providing tokenized exposure to Fasanara's GDADF.
Qiro announced a strategic partnership with Huma Finance.
Qiro published an introductory post on Mirror outlining its distributed credit underwriting network, protocol design and plans for the Qiro private credit marketplace.
Qiro Finance disclosed a $1.2 million pre-seed round led by web3 accelerator Alliance, with participation from Druid Ventures, Escape Velocity (EV3), Trident Digital and CMT Digital. Funds earmarked for product development, hiring and ecosystem expansion ahead of mainnet launch.
$1.2M source ↗
Qiro Finance received a $50,000 development grant from the Aptos Foundation.
$50K source ↗
Qiro Finance secured a 100,000 MATIC grant under Polygon's Village Build Ideas Program.
Qiro Finance received a $50,000 development grant from the Aptos Foundation.
$50K source ↗
Qiro Finance secured a 100,000 MATIC grant from Polygon under Polygon's Village Build Ideas Program.
The Qiro team was accepted into the program of Alliance, an early-stage web3 accelerator, to extend global access to private credit through RWAs.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 10
primary sources listed
- Qiroqiro.fi · web
10 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Qiro do?
- Qiro is a stablecoin-based lending platform and tokenized private credit marketplace with its own credit underwriting infrastructure.
- Who founded Qiro?
- Qiro was founded by Akshay Poshatwar, Nishikant Bahalkar.
- Who are Qiro's investors?
- Qiro's investors include Alliance DAO (ex DeFi Alliance), Ev3 Ventures Llc, GravityX Capital, Druid Ventures.