No Bank, No Problem: 30,000 Crypto Loans Issued with Just an Eye Scan
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jul 27 2025Divine Research's Unique Lending Model: Divine Research, a San Francisco startup, offers uncollateralized loans primarily under $1,000 using biometric verification through iris-scanning technology to ensure borrower identity and reduce defaults. The company targets underserved individuals with high-interest rates while absorbing significant default rates.
Emerging Trends in Crypto Lending: Other startups like 3Jane and Wildcat are also innovating in the uncollateralized lending space, employing different verification methods and flexible terms for institutional borrowers, as the crypto lending market grows despite past collapses of major lenders.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
