March 01, 2024
Credora, a company specializing in crypto lending, announced a strategic funding round of $6 million, led by S&P Global and Coinbase Ventures. This funding will enhance Credora’s infrastructure for institutional credit and improve its private computation technology, which aims to increase the accuracy of borrower underwriting and monitoring.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
Credora | Mar 1, 2024 | $16.1M | Venture Round | $16.1M | S&P Global | Lending |
The lack of information transparency has been a significant issue in recent credit events. Borrowers are often reluctant to share sensitive information, leaving lenders to rely on reputation and relationships. The collapse of centralized lenders due to opaque lending models has also contributed to substantial client capital losses.
Founded in 2019, Credora offers lending infrastructure and systematic credit ratings for private credit markets. It utilizes privacy-preserving technology to enable real-time credit risk evaluation. To date, Credora has facilitated over $1 billion in loans across various borrowers.
Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, Paradigm.co, Pirata Capital, Breed VC, and WAGMI Ventures participated in the strategic funding round. With this round, Credora has raised over $16 million in venture funding from notable investors, including Coinshares, DCG, Gemini Frontier Fund, Polychain, Primitive Ventures, and XBTO.
Credora aims to enhance transparency and efficiency in credit markets. With the investment from S&P Global, the company is positioned to advance the use of privacy-preserving technology in credit underwriting and risk monitoring.
About Credora
Credora is focused on building confidence in credit markets through privacy-preserving technology that enables real-time credit analytics and powers transparent and efficient markets. To date, Credora has facilitated over $1 billion in uncollateralized loans across more than 100 borrowers and lenders. The company currently monitors over $4 billion in borrower assets, covering the majority of CeFi and DeFi venues.
Website: https://credora.io/
X Account: https://x.com/credoraplatform
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About Investor
Investor: S&P Global
S&P Global is a leading provider of credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. From helping customers assess new investments to guiding them through ESG and energy transitions across supply chains, S&P Global unlocks new opportunities, solves challenges, and accelerates progress worldwide.
Location: United States
Website: https://www.spglobal.com
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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