In order to better feed its expansion, the Credefi protocol announces an unprecedented collaboration which will undoubtedly mark its growth. His counterpart Experian and him formalize bilateral cooperation. Alliance far from being trivial, it is full of several advantages, thus constituting an added value to follow closely. It goes without saying that this partnership is the beginning of a long session of innovation.
What is the Credefi project?
The innovation of the DeFi field opens new perspectives for crypto lovers. The latter accentuates the link between crypto borrowers and lenders. The main targets are small and medium-sized businesses in the real world economy.
The fact is that the latter have difficulty in benefiting from loans from banking institutions. Between the Tradfi which amplifies the increase in the interest rate in proportion to the loans and the bear market which does not hesitate to weaken the field of DeFi, Credefi appears as the alternative of the rescue of a means of financing according to a rate interest fixed annually.
This project promotes maximum security and decentralized loans for businesses.
Credefi’s experts make three proposals for any potential beneficiary.
The loans are of different types and are classified in a portfolio by categories: the classification is made in relation to the dangers of the implicit projects. Each loan portfolio grants a stable annual return to the various lenders.
Peer-to-peer allows both borrower and lender to have an active discussion. Negotiation on transaction standards leads to the credit score of each borrower. Said credit is attributed by Credefi.
Trade-Finance facilitates the writing of letters and lines of credit. This concerns much more the transfers beyond the regions.
Why collaborate with Experian?
The Credefi project only advances with the best. Hence the arrest of Experian. Being the very first instigator of a blockchain project, he collaborates with a reference in traditional finance. Experian is one of the top reporting agencies in the world.
Its database spans over a billion firms. Its client portfolio includes more than forty countries.
The alliance with Experian facilitates the validation and adjustment of scoring on the Credefi platform. The two are working in synergy to develop a better protocol and enable open banking to integrate fintech solution APIs.
Credefi thus has easy access to major customers in the traditional banking sector. Also, it is expanding its own client portfolio in DeFi. And adds to it a large number of companies.
The main advantages of such a partnership
Creating a bridge between different negotiating positions has a positive impact in the economy.
Lender protection has been implemented according to three main operating criteria:
The absolute guarantee of the loans made: through the use of cryptographic and real assets.
Strengthening the security aspect of transactions
Professional evaluation and speed of execution. All applications and borrowers are checked first. (Validation via Experian)
High visibility of the field of action
This partnership strengthens the clientele which no longer wants to be only digital but also real. Access to very small and medium-sized enterprises increases awareness. But above all, this partnership saves time and increases the economy
This partnership, the goal of which is to create a bridge between two sectors, is promising. Linking up with Experian, whose activity is widespread worldwide, can only be win-win. Since its creation, Credefi has demonstrated its full potential and continues to do so. In addition, the centerpieces of DeFi and TradFi constitute a strong growth in fundraising. The advantages are multifaceted, but one of the main advantages is the easy access to loans and the security of it.
Passionate about stock market trading and crypto-currencies, I work on writing articles on the subject in order to share my experience and inform at the same time. Because I am convinced that crypto-currencies open up perspectives that everyone should experience.