Credefi’s Testnet Platform Is Now Live

[PRESS RELEASE-Please Read Disclaimer]

Good morning Credefians We are happy to announce that the Testnet platform has gone live. We appreciate your participation and are eager to hear your feedback about the platform. Keep in mind that our Mainnet Launch is coming up at the end January!

Credefi allows investors and SMEs to borrow and lend permissionlessly, as you know. Our platform allows secured, decentralized lending to businesses. This protects lenders and provides a fixed APY that’s not correlated with volatility in crypto markets.

We also provide security for your investments via our three-layer security system. This includes proprietary credit scoring, crypto-economy and assets collateral. Credefi’s security module, Module X, is also included.

Experian is a market-leading institution that we partner with. Experian was named as a global fintech leader by the Center for Financial Professionals (CeFPro), Fintech Leaders report 2022.

Experian is the third largest credit-scoring agency in the world. Credefi is proud that it is associated with the first blockchain project.

Our common mission is to work together to develop strategies on how blockchain technology and open banking data can be used to make it easier for small- and medium-sized businesses to access finance. Experian’s valuable insight on traditional finance will allow us to validate and modify the credit scoring models that Credefi has developed on its platform.

Experian already provides us with a lot of data that allows us to build high-accuracy models that will serve as a security layer for all lending activity on our platform. These models are used to accurately score borrowers. We don’t ask for more collateral than necessary, which reduces friction in the lending process.

Credefi will benefit from the Experian partnership in order to expand its customer base and make better borrowing decisions. It will also be able to onboard new SMEs into the protocol and DeFi.

After all the previous information, we are pleased to inform you that Credefi launched on KuCoin in December 2021. Our $CREDI tokens can be traded on MEXC and Pancakeswap.

Credefi

Credefi, a pioneer in the DeFi market, connects crypto lenders with SME borrowers from real economies. Credefi’s platform allows secured and decentralized lending to individual business projects or portfolios of companies. This protects lenders and provides them with fixed APY.

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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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