Maple Finance is an on-chain institutional credit marketplace operating in the DeFi sector that enables lenders to view loan operations on the blockchain for increased transparency. The three-year-old startup has cumulatively issued $2.2 billion in loans and currently has around $50 million deposited on the platform. It operates with roughly two dozen employees spread mostly across Western Europe and North America. Maple recently rolled out a direct lending business offering overcollateralized loans secured by Bitcoin, Ether, and staked Ether. The company is diversifying into lower-risk products such as tokenized T-bills and plans to offer trade finance to real-world companies. Maple is targeting expansion into Asia (notably Hong Kong and Singapore) and plans to add its first headcount in the region. Maple Finance operates a token-governed DeFi platform that offers institutional lending at competitive, fixed rates with under-collateralized terms. It targets institutions with solid balance sheets, including traders, market makers and crypto-mining firms. Maple allows collateralization as low as 40% and promises fixed rates that will not change for borrowers in good standing; initial collateral deposits need not be revisited. The protocol is organized into pools managed by Pool Delegates; the first pool is planned to hold $10–15 million and will make loans typically in the $1–2 million range. Liquidity providers across Ethereum can participate and will earn MPL tokens via a liquidity-mining scheme; total MPL supply is fixed at 10 million with roughly 30% allocated to liquidity mining. MPL governs the network, earns fees, supports staking for increased returns, and MPL holders may bear the brunt of losses if a borrower defaults.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2023