3Jane Executes $10M Senior Warehouse Facility with LendSwift
3Jane has executed a $10 million senior warehouse facility with LendSwift, a U.S. fintech lender focused on short-duration consumer-installment loans. USD3 and sUSD3 fund the facility, which carries a 15% coupon and is backed by a diversified pool of ~15,000 consumer receivables with a ~4-month weighted-average term.
- Facility size: $10,000,000
- Advance rate: up to 75% against eligible collateral
- Coupon: 15% (rate to the facility)
- Collateral: ~15,000 short-duration consumer-installment loans pledged to an SPV bankruptcy remote from the LendSwift corporate entity
- Underlyer: short-term installment loans of up to $1,500 to underserved U.S. consumers
- Weighted-average life: ~124 days (~4 months)
- Credit enhancement: LendSwift retains 25% first-loss equity beneath 3Jane (1.33x overcollateralization)
- Term: 12-month revolving period ending May 26, 2027, 6-month amortization to Nov. 26, 2027 maturity
This opens up mainstream consumer credit as a new asset class for cryptonative capital, routing liquidity directly into the origination engine of a U.S. lender and ultimately to American consumers through the credit products they already use.
USD3 & sUSD3 Yield
The facility contributes a blended ~16% net APY to USD3 and sUSD3, which targets an 85%/15% tranche split of 3Jane's participation in the 75% senior advance against the collateral, equivalent to approximately 64% and 11% of the capital stack, respectively. USD3 sits senior and earns ~13.1% APY & sUSD3 sits junior and earns ~32% APY, taking the residual economics and convex upside in exchange for absorbing losses ahead of USD3. Beneath both, LendSwift funds a 25% first-loss layer of its own capital, so defaults erode the originator's equity before either 3Jane tranche is touched.
This is a new, uncorrelated source of yield within DeFi, backed by diversified consumer loans rather than only cryptonative leverage demand. Across thousands of obligors, no single default moves the pool — losses average into a rate that can be modeled and priced, instead of riding on a handful of large exposures which plagued the first generation of cryptonative credit-backed products in 2021.
Key terms of the facility and details on the underlying receivables are published on 3Jane's backing page: https://app.3jane.xyz/info/pulls/fcc
A New Era for Fintech Lenders
The warehouse line provides LendSwift with scalable, programmatic access to stablecoin-funded debt financing, allowing it to scale its loan book without raising more equity by tapping into a cryptonative balance sheet. Instead of funding each loan off its own balance sheet, it draws against the standing $10M commitment as loans originate and are collateralized within the facility, recycling the same capital across thousands of receivables. For the end-borrower, that means LendSwift can keep approving and serving demand without being capital-constrained.
3Jane is replacing the capital-markets gauntlet fintech lenders normally face. To scale, originators usually move step-by-step from a bank warehouse, to forward-flow buyers, to an ABS program — a multi-year path gated by intermediaries, fixed costs, legal overhead, renewal risk, and minimum scale thresholds. 3Jane compresses that path into a single programmable conduit: pooled, perpetual, tranched capital that can provide institutional-grade warehouse funding and whole-loan purchases today and scales toward ABS-like economics within the same conduit — without rebuilding your funding stack at every stage. Instead of relying on one bank or one forward-flow buyer, the facility is funded by a globally syndicated diversified pool of stablecoin liquidity that is embedded within the broader DeFi universe.
How it Works
- Lenders → 3Jane. Depositors supply capital into the 3Jane capital stack by minting USD3, the senior tranche, or staking into sUSD3, the junior tranche. 3Jane then allocates a portion of that pooled capital across approved credit facilities, including this LendSwift warehouse line.
- 3Jane → SPV → LendSwift. Capital is committed to the LendSwift facility through a bankruptcy-remote SPV structure. At the facility level, 3Jane holds the senior secured position, while LendSwift retains the first-loss equity beneath 3Jane. As LendSwift originates eligible loans and contributes or pledges them into the facility, it can draw against the $10 million commitment at up to a 75% advance rate.
- LendSwift → borrowers. LendSwift continues to run the lending business: customer acquisition, underwriting, origination, servicing, and borrower relationships remain with LendSwift. 3Jane provides the balance sheet and monitors the collateral pool.
- Borrowers → collection waterfall. Borrowers repay principal and interest through LendSwift's servicing and collection process. Those collections land in a deposit account governed by a Deposit Account Control Agreement (DACA) — a tri-party agreement among the depository bank, LendSwift, and 3Jane that gives 3Jane control over the collection account, so cash cannot be swept away from the facility. Collections are then applied through the facility waterfall: senior interest and principal owed to 3Jane are paid first, and residual economics flow back to LendSwift after senior obligations are satisfied.
- Revolving period. During the 12-month revolving phase, eligible principal collections can be recycled into new advances as LendSwift continues originating. Because the underlying loans are short-duration, with a ~124-day weighted-average term, the same committed dollar can turn over multiple times across diversified receivables.
- Amortization and wind-down. After the revolving period ends, new advances stop and the facility enters amortization. Incoming collections are used to pay down the senior balance and return capital through the 3Jane USD3/sUSD3 waterfall, winding down the facility in an orderly schedule.
Stay tuned for our next facility ahead of our upcoming public launch. This is the first of several. 3Jane is building standing funding rails for short-duration SMB and consumer credit originated by U.S. fintechs: warehouse, forward-flow, and unrated ABS compressed into one programmable conduit.
Key terms
| Term | Value |
|---|---|
| Facility type | Senior warehouse |
| Facility size | $10,000,000 |
| Advance rate | 75% |
| Coupon (rate to facility) | 15% |
| Net APY to lenders | ~16.08% |
| Term | 12-month revolving + 6-month amortization |
| Revolving (reinvestment) period end | May 26, 2027 |
| Final maturity (Final Participation Payment Date) | November 26, 2027 |
| Minimum overcollateralization | 33% |
| Underlying WAL | ~124-day weighted-average term |
| Collateral | Diversified pool of 15,215 short-duration consumer-installment loans |
| Underlyer | Short-term installment and debt consolidation loans of up to $1,500 to underserved U.S. consumers |
| Collections control | Deposit Account Control Agreement (DACA); tri-party among depository bank, LendSwift, and 3Jane |
| Surveillance | Weekly |
| Legal Structure | Loans contributed to bankruptcy-remote SPV with perfected first-priority lien to 3Jane |
About LendSwift
LendSwift is a financial technology company and state-licensed lender that specializes in short-term installment loans for underserved consumers. LendSwift provides fast funding decisions and loan options for individuals, offering loans ranging from a few hundred dollars up to $1,500, designed for immediate cash needs. Services are available in select U.S. states with eligibility determined upon application.
Read more: https://lendswift.com/
About 3Jane
3Jane is a cryptonative credit protocol offering programmable credit facilities for fintech lenders. Access $5m–$200m in capital through warehouse lines, participations, and forward flows. Scale as you grow. Economics that improve over time. 3Jane issues a credit-backed dollar (USD3) and its levered yield form (sUSD3) to fund facilities.
Read more: https://www.3jane.xyz/capital
3Jane was represented on the transaction by Jesse Miller of the law firm Structured Execution LLC.
