Spectral Raises $6.75 Million To Build A Decentralized Credit Bureau
11/09/21, 12:00 PM
Money raised
$6.75 million
Industry
information technology
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 Info
Additional Info
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.