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Spectral Raises $6.75 Million To Build A Decentralized Credit Bureau

Nov 09, 2021•almost 4 years ago

Amount Raised

$6.75 Million

Information Technology

Description

Spectral, a protocol for programmable creditworthiness, has announced a $6.75 million fundraise led by Polychain Capital. Mike Novogratz's Galaxy Digital, Chamath Palihapitiya's Social Capital, ParaFi Capital, Edge & Node Ventures (The Graph) and MetaPurse Ventures also participated in the round.

Company Information

Company

Spectral Finance

About

Spectral Finance creates a programmable creditworthiness ecosystem on Ethereum that facilitates capital efficiency on-chain through credit risk analysis. Spectral's Multi Asset Credit Risk Oracle (MACRO Score) aids lenders by evaluating borrower risk. By leveraging on-chain data, lenders can get an insightful view of creditworthiness, allowing them to make better decisions and borrowers can easily access financial opportunities.

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