TechFlow reported, according to CoinDesk, Credora, an institutional credit infrastructure provider, has raised $6 million in a strategic funding round. Investors include S&P Global, Coinbase Ventures, Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, liquidity provider Paradigm.co, Pirata Capital, Breed VC, and WAGMI Ventures. The company's total funding to date now amounts to $16 million.
The funds will be used to develop technology and support Credora’s private computing technology for underwriting and monitoring borrowers. The startup provides technical infrastructure for institutional lending in both centralized finance and DeFi.
Founded in 2019, Credora offers loan infrastructure and credit rating systems tailored for private credit markets. The company says its privacy-preserving technology enables lenders to make informed, real-time decisions without exposing borrower information. To date, Credora has facilitated over $1 billion in loans, it said.
