Credora, an infrastructure provider with a focus on providing institutional credit straddling between centralized and decentralized finance, recently raised $6million in a strategic funding round. Notable investors for this project included big names like S&P Global and Coinbase Ventures. The capital raised is meant to build out the technology and bolster its private computation technology, used to underwrite and monitor borrowers.

Due to the weak and opaque models of lending, seen in companies like Genesis, Celsius, and Voyager that have taken billions of dollars of client capital, many borrowers today don’t want to share their sensitive information. This pushes lenders to rely on reputation and relationships when deciding to extend credit.

This is where Credora comes in, providing an innovative solution to this problem by using private computation techniques on real-time data. This way, borrowers can continuously validate their creditworthiness where privacy is maintained for their sensitive information. Credora's technology is helping to create more open and transparent lending markets based on strong underwriting standards.

Founded in 2019, Credora has made great strides in its goal to change the dynamics of private credit markets. The company's privacy-preserving technology allows lenders to make well informed, real-time decisions without compromising the borrower's data. Credora currently has facilitated over $1billion in loans, showing its power and capability as a trusted provider.

Other investors who joined the funding round included Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, liquidity provider Paradigm.co, Pirata Capital, Breed VC, and WAGMI Ventures. With this round of fundraising, the total funding of Credora stands at $16million. With the help of powerhouse investors, Credora looks to make huge advancements in the private credit market and help bridge the gap between centralized and decentralized finance.



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