Qiro Finance, a Singapore-based DeFi credit services company, announced the completion of a $1.20 million Pre-Seed round of funding led by Alliance, with participation from Druid Ventures, Escape Velocity (EV3), Trident Digital and CMT Digital. The specific valuation information has not been disclosed yet. Qiro Finance uses blockchain technology and stablecoin frameworks to address the huge credit gap prevalent in regions such as South East Asia. The project plans to use the funds to further develop its decentralized credit protocol and enhance the capabilities of credit applications supported by tokenized RWA. In addition to this financing, Qiro Finance also received a 100,000 MATIC grant from Polygon and a $50,000 development grant from the Aptos Foundation.