Credix Finance

Credix Finance (credix.finance) is a credit company for Brazilian businesses. It is not Credix, the Costa Rican card firm, or CrediX, a lending app on Sonic that was drained in 2025. Credix started in Antwerp in 2021 and is now based in São Paulo. It began as a Solana market where big investors lent USDC to Latin American lenders. Its main product today is CrediPay. Suppliers use it to give business buyers time to pay at checkout. Credix approves the buyer, funds the sale and collects the debt, so the seller takes no credit risk. Brazilian credit funds run by BTG Pactual put up the money. The Solana program still runs, but the website no longer mentions Solana.

What does Credix do now? CrediPay B2B credit in Brazil

The Credix website calls it "credit infrastructure for Brazil's most ambitious businesses." Suppliers add CrediPay at checkout, next to Pix and credit cards. The buyer pays in installments, often over 30 or 60 days. The debt stays off the seller's books.

There are three ways to use it:

• Anticipation: Credix pays the seller the full price up front. The buyer then pays Credix in installments, and Credix takes the risk.
• Guaranteed payments: the seller is paid when the buyer's term ends. This costs less, and Credix still takes the risk.
• FIDC as a Service: the seller puts its own money into an FIDC, a type of Brazilian credit fund, that Credix runs. The seller keeps the risk and the returns.

The site names Volvo Trucks, Acer, Nike, Panasonic, Allied and Nors as clients. It says sales at Nors rose 10%. For one truck maker, it says over 70% of buyers were approved.

How CrediPay works for sellers and buyers

The CrediPay docs set out each order step by step. The seller registers the buyer, and Credix checks the buyer's credit and reserves a limit. The seller then creates the order, the buyer approves it, and Credix checks the invoice. The buyer repays in installments by boleto, Brazil's standard bank payment slip, and Credix pays the seller by bank transfer.

Sellers can use the CrediPay web portal, a partial setup, or a full API. There is also a plugin for VTEX, a popular e-commerce platform in Brazil.

Each debt is logged with CERC, Brazil's official registry for receivables. BTG Pactual runs and holds the funds, the website says. Credix says it uses AI for credit and fraud checks, and AI voice agents to chase late payments. Its blog now writes about those agents, not about on-chain credit.

Credix crypto: the original Solana private credit marketplace

From 2021, Credix ran a lending market on Solana. A July 2022 write-up by Lombard Notes explains how it worked. Each loan was split into two layers, called tranches:

• Liquidity providers put USDC into a pool and got LP tokens back. They held the senior tranche, which is paid back first.
• Underwriters vetted each loan and funded the junior tranche. They took the first losses, and in return earned a share of the interest.

Repayments paid Credix's fees first, then the senior layer, then the junior layer. Borrowers were fintechs and other lenders in Latin America. They got USDC and swapped it into local money to make loans.

Every user needed a Credix Pass, an on-chain permit for approved users, per the credix_client developer crate. Only approved firms could lend or borrow, which made it a closed market rather than an open DeFi pool anyone could join.

By the time of that write-up, the market had made about $16 million in loans, and lenders had earned 13.5% APY.

Two months later, Credix told The Block that more than 25 funds had used it and it had financed over $20 million.

That November, it announced a $150 million stablecoin credit line for Clave, a lender in Argentina and Colombia (crypto.news).

Is the Credix Solana marketplace still active?

Credix has not announced a shutdown. But the market is no longer what it sells.

The investor app still loads, with its pools and portfolio pages. The Credix program on Solana still runs a few transactions a day, per Solscan in early November 2026. Some of them are LP liquidations.

The rest of Credix has moved on. The old docs address now sends you to the CrediPay docs. The website, the docs and the funding news say nothing about Solana or USDC.

One November 2025 report from LatamList still said Credix tokenizes assets on a blockchain. Credix's own pages talk about FIDCs and CERC instead. For a Solana user, Credix is now a Brazilian fintech with a quiet on-chain past.

Who Credix is for

CrediPay is for Brazilian firms that sell to other businesses. Think distributors, manufacturers and B2B marketplaces. Their buyers want time to pay, but the seller can't fund that itself. It only works for sellers in Brazil, and each buyer must pass Credix's credit check.

It is not a way for crypto users to earn yield. Credix's current pages offer no way for people or wallets to invest in CrediPay's funds. Big firms such as BTG Pactual Asset Management fund them.

If you still hold a position in an old Credix Solana pool, contact Credix through the investor app. CrediPay is a separate product.

Is Credix safe? Risks, upgrade authority and the CrediX exploit confusion

The name causes confusion. In August 2025, a different app called CrediX lost $4.5 million on the Sonic blockchain. An attacker used a hacked admin wallet, and the team then vanished (Yahoo Finance). That report does not link CrediX to Credix Finance. They are separate projects.

One key can change the Solana program. The Credix program can be upgraded, and its upgrade authority is DjgkYdd3QiCZs4ud2okMcuu1pUwubfvPLWweirL8Y77b. Solscan shows that address is a plain wallet with one key. No multisig or DAO vote stands in the way. Whoever holds that key can replace the program's code, including the code that controls money left in the old pools. We found no public audit of the Credix Solana program. CrediPay runs off-chain, so a smart-contract audit would not cover it anyway.

Credit risk is the main risk today. CrediPay lends to small and mid-sized firms in Brazil, where rates are high. Credix said defaults were below 1% when it raised money in late 2025 (Manley). But that is a short record from a fast-growing book. The risk sits in one country and one currency. Funding also leans on a few backers, mainly BTG Pactual and Patria.

Credix alternatives: Maple Finance, Huma Finance and Clearpool

Maple Finance and Clearpool run private credit on-chain. Like the old Credix market, they let big investors lend stablecoins to vetted borrowers. On Solana, Huma Finance is the closest live option. Its loans run on Solana mainnet, and it calls itself a PayFi network, short for payment finance.

Credix took the usual Brazilian route instead of on-chain pools. Its loans sit in local funds, held by BTG and logged with CERC. So you can't reach CrediPay from a Solana wallet. If you want on-chain credit, look at the three live apps above. For a supplier in Brazil, CrediPay's rivals are other business lenders and banks.

Credix funding, investors and team

Thomas Bohner is Credix's co-founder and CEO. Credix was founded in Antwerp in November 2021, per Bloomberg Línea. It later moved its head office to São Paulo. Its website lists a team of over 40.

• Seed, late 2021: $2.5 million, with ParaFi Capital among the backers.
• Series A, September 2022: $11.25 million, led by Motive Partners and ParaFi Capital. Valor Capital Group, Victory Park Capital and Ricardo Villela Marino of Itaú also joined (The Block).
• November 2025: $6 million in equity, led by Patria, with Valor Capital, ParaFi Capital and Polígono Capital. It also raised R$470 million of debt through an FIDC with Polígono and BTG Pactual Asset Management (Bloomberg Línea).

Credix made R$275 million in loans in the 12 months before that round and set a target of R$1 billion for the next 12 months, Bloomberg Línea reported.

Its website puts the total raised since launch at over R$500 million in debt and equity, with US$20 million of that in equity.

None of the sources we read mention a Credix governance token. In the old market, the tokens were pool positions (LP and underwriter tokens), not a coin to trade.