S&P Global and major investors back Credora in building transparent credit markets
Summary
Credora is helping rebuild confidence in credit markets through transparency, and today the lending infrastructure provider announced a $6m strategic funding round with S&P Global and Coinbase Ventures as major investors. Billions of dollars of client capital were lost due to opaque principal lending models (Genesis, BlockFi, Celsius, Voyager).Darshan Vaidya, CEO of Credora commented, Credora solves the information asymmetry problem by using private computation techniques on real-time data, ensuring borrowers continuously validate their creditworthiness while maintaining the privacy of their sensitive information. It utilizes privacy-preserving technology to improve lenders ability to properly evaluate credit risk in real-time. "Were delighted to have support for our mission to make credit markets more transparent and efficient, and will continue working with our partners to drive responsible data-driven lending, said Darshan Vaidya, CEO of Credora. From helping our customers assess new investments to guiding them through ESG and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world.We are widely sought after by many of the worlds leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets.