Newity raised $11 million in its first funding round, led by CMT Digital and structured as a SAFE, to support plans to bring its small-business loan platform on-chain. Founded in 2020, Newity operates as a lending service provider to SBA lenders and has facilitated over $12 billion in loans to more than 125,000 businesses. Leveraging an AI-driven underwriting system to accelerate approvals and funding timelines, the firm now aims to integrate blockchain infrastructure into its lending model. With this approach, Newity seeks to reinvent small-business finance amid a $350 billion annual funding gap while continuing to scale its fee-based processing platform.

Fintech Firm Newity Raises $11 Million to Bring Small Business Loans Onchain