Fintech firm Newity raises $11 million to bring small business loans onchain
Fintech firm Newity secured $11 million in funding led by CMT Digital to enhance small business lending and bring loans onchain.Summary
Newity, a fintech company specializing in small business loans, has successfully raised $11 million in a strategic funding round led by CMT Digital. This funding, structured as a SAFE agreement, marks Newity's first capital raise, which began in late 2024 and closed in December 2025. Founded in 2020, Newity initially assisted businesses with the Paycheck Protection Program before shifting focus to SBA 7(a) and growth term loans, acting as a service provider to Northeast Bank. The company utilizes an AI-first underwriting platform to streamline the application process, enabling borrowers to receive funding in as little as three weeks, significantly faster than traditional timelines. Newity generates revenue via loan-processing fees and is actively exploring options to tokenize or bring its loans onchain, with an announcement expected in the first quarter. The firm aims to address the $350 billion annual funding shortfall faced by small businesses in the U.S.
(Source：The Block)