Goldfinch’s African Lending Venture Collapses Following Significant Defaults and a 99.8% Token Crash.

Goldfinch has collapsed in Africa after claiming over $300Mil in defaults and with its its proprietary token, GFI, is down 99.8% from its high. Backed by Andreessen Horowitz (a16z), the decentralized lending protocol was supposed to bring financial inclusion to emerging markets. Instead, it simply funneled money to bo…