A testimonial on Credora's homepage from Folkvang states "Credora is a bunch of nerds armed with zk proofs beating the auditors in suits at their own game." But dig a bit deeper and you'll find those 'nerds' are actually well established options and quant traders in both tradfi and crypto, making them well placed to run a platform they call 'the infrastructure for institutional credit.'
We all know how dire the past two years have been in the crypto space, especially with regard to borrowing and lending platforms. Credora seems to be out to fix all of that by being a one-stop shop - offering counterparty discovery, underwriting, execution and risk management under one roof and using zk proofs for privacy. There is also a lending marketplace where lenders can easily find borrowers through various channels according to their risk appetite.
They have an impressive list of backers, including Polychain Capital, Pirata Capital and Wintermute (who are also clients). A $6m strategic funding round with S&P Global and Coinbase Ventures was also announced in April.
Credora seem well positioned to bring trust back into Defi and help to make the crypto lending space more credible overall. Show Less