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Maple Finance

Decentralized Finance (DeFi)
Segments:
Borrowing and Lending
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Product stage:
Early
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Based in Australia, Maple Finance offers permissioned corporate lending facilities via cryptocurrency asset pools. Delegators of the pools can determine interest rates, loan value, and payment terms based on each borrower's profile. The platform also provides native token “MPL,” which can be staked and is used for paying interest to lenders. 

As of August 2022, the platform offered seven lending pools denominated in both stablecoins and other tokens, such as wETH. This included two lending pools worth USD 40 million and USD 300 million to provide lending facilities to crypto market makers, financial institutions, mid-size bitcoin miners, and digital asset infrastructure providers across North America and Australia.  In January 2023, Maple Finance launched a USDC stablecoin-denominated liquidity pool for trade receivables. The pool, which can scale up to USD 100 million, enabls enterprises to receive cash advances with a discount on their tax rebates and funding programs such as Employee Retention Credit (ERC) from the Internal Revenue Service (IRS).

In December 2022, Maple Finance announced a major protocol update dubbed “Maple 2.0,” which includes upgrades to its withdrawal request process. The update introduced an option to schedule and prorate withdrawals and eliminate the lockup period on new deposits. Additionally, the protocol also updated its protection mechanism, introducing a feature called “first-loss capital” targeting lenders, which absorbs some losses from defaults. The protocol also announced that it would be discontinuing its lending services on the Solana blockchain in order to focus completely on Ethereum. 

Funding and financials

In August 2023, Maple Finance raised USD 5 million in an investment round led by BlockTower Capital and Tioga Capital, to support its expansion in the Asia-Pacific and Latin American regions (specifically in Singapore, Japan, Hong Kong, and Korea) and enter new strategic partnerships.  

Decentralized Finance (DeFi)

Decentralized Finance (DeFi)

Key stats
Featured companies
246
Total funding (USD)
13.5 Bn
Total addressable market (USD)
67.3 Bn
Key competitors
 
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Product Overview
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Company profile
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Recent Updates

Funding
Aug 22, 2023
Maple Finance raises USD 5 million in new funding
Decentralized Finance (DeFi)
Product updates
Jan 24, 2023
Maple Finance launches new USD 100 million liquidity pool
Decentralized Finance (DeFi)
Product updates
Dec 14, 2022
Maple Finance announces major update; freezes lending services on Solana
Decentralized Finance (DeFi)
Management news
Dec 6, 2022
Ripple effects of FTX continue as major borrower on Maple Finance misrepresents financials; Nexus Mutual to take hit on investments
Decentralized Finance (DeFi)
Product updates
Sep 20, 2022
Maple Finance launches USD 300 million lending pool for miners
Decentralized Finance (DeFi)
Funding
Aug 11, 2022
Maple Finance announces USD 40 million liquidity pool for institutional borrowers
Decentralized Finance (DeFi)

Company Brief


HQ location:
Melbourne AUS
Founded year:
2018
Employees:
11-50
Total Funding:
USD 7.7 million
Last Funding
USD 5.0 million, Aug 2023

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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