Credefi, a provider of decentralized and secured lending portfolios, says it has been approved to brand itself as powered by Experian while stating it is the first blockchain firm to gain this type of partnership.
Experian, one of the largest credit reporting firms in the world, collects data on individuals’ ability to service debt. Credefi describes the approval as a sign of trust and transparency of its services. Credefi connects crypto lenders & SME borrowers reporting almost in $3 billion in lending.
The partnership seeks to further expand Credefi’s reach of institutional-grade clients and formalizes both the cooperation between the two firms.
As part of the Green Deal of the European Union, Credefi notes that it will become the official Experian partner and mediator for providing the service of Green Company scoring to each of the firms that apply for a loan through their platform.
The Green Deal strives to improve the well-being of EU citizens and their future generations by providing a framework for a better environment and ecosystem.
