Credefi’s Testnet Platform Is Now Live
Credefi, is a first mover in the DeFi space, securely connecting Crypto lenders & SME borrowers from the real economy is excited to share that their Testnet platform is now live.
Credefi opens the doors for investors and SMEs to participate in permissionless lending and borrowing. Their platform enables decentralized and secured lending to portfolios of businesses, protecting lenders while providing them fixed APY that is uncorrelated with crypto markets’ volatility.
They provide security to your investments through their three-layer security mechanism which combines an in-house proprietary credit scoring, crypto and real-economy, assets collateral, and Credefi’s security module (Module X).
They partner with market-leading traditional institutions such as Experian – named a global fintech leader in the Center for Financial Professionals (CeFPro) Fintech Leaders’s 2022 report.
As Experian is one of the three largest credit scoring agencies in the world, collecting data on more than 1 billion companies worldwide and having clients in more than 40 countries, Credefi is proud to be the first blockchain project associated with it.
Their mission together is to strategize on how blockchain technologies and open banking data could enable easy access to finance for SMEs. Experian’s valuable perspective on traditional finance would broaden our opportunities to validate and adjust the credit scoring models developed by Credefi on its platform.
Experian is already providing them with an enormous amount of data to achieve high accuracy models that will be acting as a security layer for all the lending activities on their platform. The purpose of these models is to allow them to score borrowers precisely. They aim not to demand more collateral than is needed, reducing friction in the lending process.
The partnership with Experian overall will help Credefi expand its customer base, borrowing decisions, and onboard new SMEs to the protocol and DeFi in general.
Credefi has launched on KuCoin on December 2021. Also, its $CREDI tokens are currently trading on MEXC, Pancakeswap and UniSwap.
About Credefi
Credefi is a first mover in the DeFi space connecting crypto lenders and SME borrowers from the real economy. Credefi’s platform enables decentralized and secured lending to portfolios of business projects or individual companies, protecting lenders while providing them fixed APY.
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