credora

ChainCatcher news, according to CoinDesk, blockchain oracle service provider RedStone announced the acquisition of on-chain credit rating platform Credora, with the specific transaction amount undisclosed.Credora is supported by Coinbase Ventures, S&P, and Hashkey, among others. After the acquisition, Credora will operate under the new brand "Credora by RedStone," focusing on risk ratings for DeFi assets and yield strategies. Credora co-founders Darshan Vaidya and Matt Ficke will serve as strategic advisors to RedStone, assisting with integration and promotion. RedStone stated that it will provide rating services similar to S&P and Moody's for decentralized markets.

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)