Credora

Based in California, US, and founded by Arne Hollum, Darshan Vaidya and Matthew Ficke in 2019, X-Margin, Inc. d. b. a Credora is a credit data fintech company.

In August 2021, X-Margin raised USD 10. 16 million in Series A funding led by new investors Coinbase Ventures, HashKey Capital, The Spartan Group, with participation from Bixin Ventures, Gemini, Kenetic Capital and Primitive Ventures. Existing investors Alameda Research Ventures, CMT Digital, CoinShares Ventures, Digital Currency Group, GSR Ventures, Kenetic Capital and Polychain Capital. The Series A funding valued the company at USD 45.

13 million post-money. Credora offers credit scoring and risk monitoring services through its credit risk platform connecting institutional lenders and borrowers and addressing a key issue holding back the growth of credit in the crypto space. The platform enables lenders of all sizes in digital assets, family offices, trading venues, and DeFi protocols to operate a scalable, data-driven lending business. And borrowers can establish their creditworthiness without revealing sensitive portfolio information through Credora’s privacy-preserving technology and cryptographic proofs.

The encrypted credit scoring and risk monitoring generated by Credora’s infrastructure eliminate the traditional middleman so exchanges and margin lenders can manage risk themselves in real-time. Credora ’s credit scoring spans a borrower’s exchange, custody, and DeFi portfolios. Additionally, as of May 2022, Credora has to date facilitated more than USD 220 million of credit extended to institutions trading digital assets through direct lending and decentralized finance (DeFi) lending platforms. Credora’s risk engine currently monitors USD 2 billion of trading portfolio assets.