Spectral Finance Closes $6.75 Million Financing Led by Polychain

TokenInsight news, Spectral Finance, a personal credit-based lending protocol, announced the closing of a $6.75 million funding round led by Polychain Capital with participation from Galaxy Digital, ParaFi Capital, and others. Spectral has developed the infrastructure for assessing credit risk in Web3 and laid the framework for a new asset class with programmable creditworthiness. Spectral's first product is an on-chain credit score, which provides lenders with an improved mechanism to assess borrower risk and grants users full control over their identity and pseudonym on the blockchain.
Source

Web3

Related News
EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token EOS rebrands to Vaulta amid pivot to 'web3 banking', plans to launch new token
Story Protocol confirms public mainnet to launch on Feb. 1 Story Protocol confirms public mainnet to launch on Feb. 1
LINE introduces Telegram-style Dapps to boost Web3 adoption in Asia LINE introduces Telegram-style Dapps to boost Web3 adoption in Asia
Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet Aethir Launches Decentralized Cloud Compute Network on Ethereum Mainnet
Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital Decentralized Identity Project Humanity Raised $30M, Led by Kingsway Capital
Latest News More More
1 Day Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030
1 Day Ago Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
2 Days Ago Zora airdrop triggers confusion as token launches without announcement, requires users claim manually
3 Days Ago pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
3 Days Ago Binance South Africa to require information on senders and recipients for local compliance
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open