Institutional credit infrastructure provider Credora completes $6 million financing, with participation from S&P Global and Coinbase Ventures

2023-04-25 23:05:50

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ChainCatcher news, according to CoinDesk, institutional credit infrastructure provider Credora has raised $6 million in a strategic funding round, with investors including S&P Global and Coinbase Ventures. Other participants in this round of financing include Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, liquidity provider Paradigm.co, Pirata Capital, Breed VC, and WAGMI Ventures. This round of financing brings Credora's total funding to as much as $16 million. The funds will help build technology and support Credora's private computing technology for underwriting and monitoring borrowers. The startup provides technological infrastructure for institutional credit in both centralized and DeFi markets.

Founded in 2019, Credora offers loan infrastructure and credit rating systems tailored for the private credit market. The company states that its privacy-preserving technology enables lenders to make informed real-time decisions without disclosing borrower information. According to the company, Credora has facilitated over $1 billion in loans to date. (Source link)

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Credora investment and financing

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