Credora Raises $6M from Coinbase and S&P Global to Build Transparent Credit Markets for Decentralized Finance
Fintech startup Credora, which focuses on decentralized finance (DeFi), has raised $6m in a strategic funding round featuring Coinbase and S&P Global as major investors. The firm, which monitors $4bn of borrower assets across the majority of centralised finance and DeFi platforms, plans to use the funds to build "transparent credit markets". Credora aims to underwrite and monitor borrowers by validating financial information in real-time while keeping sensitive details private. According to the start-up, a lack of transparency and information asymmetry has been a root cause of recent credit events, including the collapse of digital asset hedge fund Three Arrows Capital, which invested client cash in new crypto projects. Credora claims that its privacy-preserving technology can help prevent such failures in the future. The firm also plans to use the funds to build institutional rails for credit and enhance its private computation technology for underwriting and monitoring borrowers. Other investors in the round include Amber Group, CMT Digital, GSR, Hashkey, KuCoin Ventures, and Spartan.
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Treasury Department Deems Decentralized Finance a National Security Threat
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U.S. Treasury Publishes DeFi-Focused Illicit Finance Risk Assessment
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SyncSwap Launches on zkSync Mainnet, Announces Future Token
Decentralized finance platform SyncSwap has successfully launched on the zkSync Mainnet. In addition, SyncSwap has also announced plans to introduce its native token $SYNC in the future.
SyncSwap Launches on zkSync Mainnet, Announces Future Token
The $SYNC token has not been created yet, and users are urged to beware of scams.
