POLISCOPE
Back to feed
NewsMiami IndependentSeptember 5, 2026Miami-Dade

Firelight secures $8 million in funding to expand DeFi insurance services

Firelight, a decentralized finance (DeFi) insurance protocol, has raised $8 million in a new funding round. The company plans to use the capital to expand its service offerings beyond the XRP ledger to support broader fintech applications.

fintechcryptocurrencydecentralized financebusinessinsurance
Read the full story at Miami Independent

Why It Matters

This funding round provides Firelight with $8 million in capital to scale its insurance products for decentralized finance platforms, potentially impacting the availability of risk-management tools for fintech users.

Key Facts

  • Firelight successfully closed a funding round totaling $8 million.
  • The company operates as a decentralized finance (DeFi) insurance protocol.
  • Firelight intends to expand its operations beyond the XRP ledger.
  • The stated goal of the expansion is to make DeFi services more accessible for fintech companies.

Who's Mentioned

organizationMiami Independent“The publication that reported the funding news.”organizationSentora“An affiliate of Firelight working with payroll and remittance providers.”organizationFirelight“A Miami-based DeFi insurance protocol.”locationMiami“Location of the Firelight project.”personAnthony DeMartino“CEO of Firelight.”otherXRP“A cryptocurrency ledger that Firelight is expanding beyond.”