Aella integrates with Creditcoin
Aella integrates with Creditcoin. Creditcoin’s first real-world lending integration is live, with over 28,000 loans already recorded via the newly released Credal API.
Creditcoin has always been about delivering real-world change, creating new opportunities for investors, and delivering needed growth capital to borrowers throughout the developing world as part of its mission to plug the $5 trillion global financing gap.
LONG-STANDING PARTNERSHIP
Aella, Creditcoin’s longstanding investment partners, have successfully completed their integration with Creditcoin 2.0 and are now recording thousands of loans — comprising loan terms, payments, and repayments — every day on the Creditcoin blockchain via its newly released Credal API.
There were over 28,000 loans have already been recorded on Creditcoin 2.0, collectively worth over $1.8M USD.
“We’re excited to be the first OpenFi partner to integrate with Creditcoin. By allowing our investors to see how our business is performing in real-time, we’re confident that this will increase counterparty trust and, ultimately, help us raise capital too. For us, and millions of users across Africa, that means more and cheaper access to vital sources of credit.”— Akin Jones, CEO of Aella
This integration is all part of Creditcoin’s long-term vision. It is to ensure that transparency is at the heart of global finance, helping them realize its promises for the OpenFi ecosystem and deliver Aella users more access to capital than ever before.
ABOUT Creditcoin
Creditcoin is a foundational L1 blockchain built on Substrate. Designed to match and record credit transactions, creating a public ledger of credit history and paving the way for a new generation of interoperable cross-chain credit markets. By working with technology partners, fintech lenders, and other financial institutions across global emerging markets. Creditcoin is using the principles of Open Finance to secure capital financing. Build credit history and facilitate trust for millions of underserved financial customers and businesses.
ABOUT Aella
Aella is a fintech company. Built to simplify instant credit and payment solutions for emerging markets. At Aella, they have designed products. Build financial independence for its customers such as loans, investments, bill payments, micro-insurance plans, and money transfers.
