Credora, a San Rafael, California-based provider of privacy-preserving technology that enables real-time credit analytics and powers transparent and efficient markets, raised $6m in strategic funding.
S&P Global and Coinbase Ventures were the major investors in the round, which also included participation from Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, Paradigm.co, Pirata Capital, Breed VC, and WAGMI Ventures.
The company, which has raised over $16m in venture funding to date, intends to use the funds to further build institutional rails for credit, and enhance its private computation technology that helps accurately underwrite and monitor borrowers.
Founded in 2019 and led by Darshan Vaidya, CEO, Credora provides lending infrastructure and systematic credit ratings for private credit markets. It utilizes privacy-preserving technology to improve lenders’ ability to properly evaluate credit risk in real-time.
To date, the company has facilitated $1b+ in uncollateralized loans across 100+ borrowers & lenders and can help risk-managed borrowers borrow transparently and securely. Credora currently monitors over $4 billion of borrower assets with coverage across the majority of CeFi and DeFi venues.
FinSMEs
25/04/2023