Bluejay Finance and Zoth Announce Partnership to Bridge Credit Gap for SMEs in Emerging Markets
May 3, 2023 — Bluejay Finance, a leading player in the decentralized finance (DeFi) space, and Zoth, a pioneer in providing blockchain-based financial solutions for small and medium-sized enterprises (SMEs) in emerging markets, are proud to announce a strategic partnership to address the growing credit gap faced by SMEs in countries like India.
In this partnership, Zoth will onboard SME borrowers onto Bluejay Finance’s platform, leveraging the liquidity from the DeFi space to provide much-needed capital to the real-world businesses. By working together, Bluejay Finance and Zoth aim to bridge the credit gap of over $1 trillion and develop innovative and sustainable solutions that address the unique challenges faced by SMEs in emerging markets.
Sherry Jiang, CEO of Bluejay Finance, expressed her excitement about the partnership: “We are thrilled to join forces with Zoth to tackle the pressing issue of SME credit availability in emerging markets. By onboarding SME borrowers onto our platform, we can combine our expertise in DeFi with Zoth’s deep understanding of small businesses’ needs, creating innovative and sustainable solutions that have a lasting impact on the landscapes of these markets.”
Pritam, CEO of Zoth, shared his enthusiasm for the collaboration: “We believe that this partnership with Bluejay Finance presents a unique opportunity to address the SME credit gap in a scalable and effective manner. By bringing SME borrowers onto Bluejay’s platform and harnessing the power of DeFi, we will be able to make a meaningful difference in the lives of countless business owners and their communities.”
With this partnership, Bluejay Finance and Zoth are set to revolutionize the way SMEs in emerging markets access capital, ultimately fostering economic growth and prosperity in these regions.
Media Contacts:
Bluejay Finance:
Ye Myat Min
Chief Operating Officer
jeff@bluejay.finance
Zoth:
Pritam Dutta
Founder & CEO
pritam.dutta@zoth.io
About Bluejay Finance:
Bluejay Finance is a decentralized finance (DeFi) platform that offers innovative and user-friendly solutions to address the financial needs of individuals and businesses. The platform leverages blockchain technology to provide a more transparent, secure, and accessible financial ecosystem that can bridge the credit gap and promote financial inclusion. Visit www.bluejay.finance to learn more.
About Zoth:
Zoth is a decentralised platform that enables anyone in the world to access real world, alternative assets from emerging markets using tokenization and blockchain technology through Defi.
The Zoth ecosystem acts as a bridge between asset owners (deal originators), individual investors and institutions to bring to life a robust, highly liquid and coherent product line of asset index pools, tokenization services, and fund services.
