What is Credora Platform? Credora Platfom is a Lending & Borrowing platform, the difference is that the market the platform targets is users in TradFi. So what is it about Credora Platfom that attracts many famous investment funds? Let’s find out in the article below.
To better understand Credora Platfom, people can refer to some of the articles below:
- What is Maple Finance (MPL)? Maple Finance Cryptocurrency Overview
- What is TrueFi (TRU)? Overview of TrueFi Cryptocurrency
Credora Platform Overview
What is Credora Platform?
Credora Platfom is a project that provides infrastructure for lending, and also evaluates and ranks credit capacity for organizations and individuals that need loans in the market. It can be said that Credora Platfom belongs to the Credit Protocol segment in the DeFi market.
Credora Platfom has many similarities with Maple Finance, Goldfinch or TrueFi with the mission of bringing TradFi closer together. Although this industry is just in its formation stage and has a lot of room for development, it also has many potential risks.
Credora Platform Features
Lending platform
Credora Platfom allows you to provide loans in cryptocurrencies like BTC, ETH,… and receive interest without worrying about being hacked like regular DeFi protocols.
Evaluate the borrower’s credit
Take advantage of technology Zero Knowledge, Credora Platfom provides borrower credit ratings without revealing their privacy. This also helps lenders minimize costs to verify their financial capacity.
Second, Credora Platfom collects data from many fields, while taking advantage of transaction history data and real-time data updates to evaluate the borrower’s credit most accurately.
Additionally, Credora Platfom provides a creditworthiness API, allowing it to be easily integrated into other lending protocols.
Who and what projects is Credora Platform suitable for?
First, it is suitable if you have too much BTC and don’t know what to do to earn more passive income from it and want to receive a fixed profit over time.
Second, Credora Platfom provides technology companies with flexible and quick access to available capital sources.
Insurance: The project allows insurance companies to effectively mobilize capital to insure their financial products. Credora Platfom will monitor creditworthiness by tracking risk, performance and cash balances of insurance organizations.
Mining: Using Zero Knowledge technology, Credora Platfom can both evaluate the borrower’s creditworthiness and ensure their privacy. Therefore, it is very suitable for mining projects, it allows projects to access capital in the market, and lenders also have the opportunity to lend safely and achieve high profit margins.
DAO: Credora Platfom enables decentralized autonomous organizations to lend their money transparently and securely. Therefore, DAOs can access a series of lending opportunities from reputable organizations, and can monitor outstanding loans to ensure the safety of their funds.
Development Roadmap
Update…
Core Team
Darshan Vaidya – CEO and Founder:
- Education: Graduated with a Bachelor of Science (B.Sc.) in Economics in 2007 from The London School of Economics and Political Science (LSE)
- Career: He has more than 15 years of experience in the field of financial trading, especially trading options and similar products. Previously held the position of general investment manager from August 2018 to July 2019 in San Francisco Bay Area.
Matthew Ficke Co-founder & COO:
- Education: Graduated from Villanova University in 2012 with a bachelor of business administration (BBA) majoring in Economics and Finance. And received the Bartley Medallion award in the field of Economics.
- Career: He has more than 10 years of experience in the financial sector, especially in foreign exchange trading and has had a lot of experience and career advancement at different companies in many important positions.
Arne Hollum Co-founder & CTO
- Education: He holds two master’s degrees in the fields of Artificial Intelligence and Computational Science
- Career: He has worked for a long time at large financial companies such as ING and has experience in developing algorithm solutions and data processing for financial transactions.
Modestos Kaffes: Software Engineer
- Education: Studied Computer Science at Hellenic Open University and Mathematics at Aristotle University of Thessaloniki (AUTH).
- Career: Extensive experience working in the field of Frontend development and UX/UI Design for various projects with companies and organizations in Greece.
Investors
- On August 13, 2019, the project called for Seed Round capital from 7 investment funds, however I could not find specific information about this round.
- September 13, 2023 The project continues to successfully call for Series A capital with 19 organizations participating, the total amount raised at this stage is $8 million, the funds leading this round include Coinbase Ventures, HashKey Capital, The Spartan Group . And most recently, on April 25, 2023, the project continued to successfully call for capital from 12 investment funds leading this round, which continue to be Coinbase Ventures and S&P Global.
Tokenomics
Update…
Exchanges
Update…
Information Channel of Credora Platfom Project
- Website: https://credora.io/
- Twitter: https://twitter.com/credoraplatform
- Medium: http://credora.medium.com/
- Linkedin:
Summary
Credora Platform is a lending project with high security and safety. However, currently I see that the project only supports individuals and organizations with large amounts of capital, and has not seen support for small investors. This will be a quite large shortfall when capital sources in the market have not been fully utilized. Thank you for learning about the project with me, don’t forget to Follow the channel to update the latest news about the market.