Masa Finance

Masa Finance is a personal finance management company developing a decentralized financial protocol for uncollateralized loans, and to help bridge the gap between decentralized finance (DeFi) and centralized financial (CeFi) systems. The company is located in San Francisco, Los Angeles, and Uruguay and mixes experience in financial services, credit, machine learning, and blockchain to develop its DeFi loans and protocols. Masa's stated goal is to increase the access to credit and wealth creation through decentralized finance.

Masa was founded in 2021 and launched its first web application beta in March 2021. The second version of the beta of the Masa Finance Web Application was launched on August 2, 2021, with a mobile application beta launched on September 1, 2021. The company's roadmap includes the launch of the company's whitepaper and developer document public release set for March 31, 2022, and a network token launch expected for May 2022.

The company offers two types of loans. The first is an NFT collateralized loans, in which any ERC-721 token can be used for collateral; if the loan is accepted, the amount is paid out to the user from a lender's account in ETH, and the NFT gets locked in the MasaNFT smart contract. Once the loan is repaid, the NFT is transferred back to the borrower, but if the total repayment amount is not returned to the lender by the due date, the NFT is transferred to the lender.

The other type of loan offered by Massa is the uncollateralized loan, when they create a DeFi credit score with Masa. In order to create that credit score, the user has to connect their bank and cryptocurrency accounts and complete a KYC. Once the credit score is generated, the users will be given a chance to apply for a loan funded by liquidity providers.