Credefi announces new partnership with Experian
Credefi announced a collaboration with Experian to propel its growth and have finally formalized their bilateral cooperation. This alliance is the start of a long streak of innovation.
What is Credefi?
Credefi is a first mover in the DeFi space connecting crypto lenders & SME borrowers from the real economy. Our platform enables decentralized and secured lending to portfolios of businesses, protecting lenders while providing them fixed APY that is uncorrelated with crypto markets’ volatility. Credefi resolves some of the key challenges DeFi and TradFi are facing today:
DeFi yields are inconsistent, fragile, and evaporate in bear markets.
DeFi borrowers are speculative and fickle and cannot satisfy DeFi lending supply.
SMEs are historically underserved by traditional banks and are borrowing at high interest rates.
There are not enough lenders to satisfy SME borrowing demand, pushing SMEs to alternative lending solutions.
SMEs need reliable lending sources and DeFi needs reliable creditworthy borrowers, so Credefi brings them together in a win-win solution.
There are not enough lenders to satisfy SME borrowing demand, pushing SMEs to alternative lending solutions.
SMEs need reliable lending sources and DeFi needs reliable creditworthy borrowers, so Credefi brings them together in a win-win solution.
Why partner with Experian?
Credefi only works with the best, hence the partnership with Experian. A first mover in the DeFi space has partnered with a traditional-finance-oriented company, Experian, which is also one of the world’s leading consumer credit reporting agencies.
Its database covers over a billion firms. What’s more, its client portfolio boasts customers from more than 40 countries.
The alliance with Experian makes it easy to check and adjust Credefi’s scoring. Both companies are working on a better protocol to enable open banking and integrate fintech APIs.
Credefi can now easily gain access to larger clients in the traditional banking sector, in addition to expanding its DeFi client portfolio.
Key benefits of the partnership
📌 Bridging the gap between different trading positions is known to have a positive effect on the economy.
📌 Lender protection is carried out in accordance with three main criteria:
📌 Absolute loan security is made possible through the use of both crypto and traditional assets.
📌 Improving transaction security
📌 Professional assessment and rapid execution. All applications and borrowers are verified (via Experian)
📌 Wide-scope visibility
This partnership strengthens a customer base that is no longer just digital, but also real. Accessibility to small and medium enterprises enhances the company’s reputation, but most importantly, this partnership saves your time and boosts the economy.
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