Credible is revolutionizing access to credit in the blockchain space with its AI-powered consumer credit infrastructure. By generating on-chain credit ratings, Credible enables crypto holders and Web3 users to access financial services without relying on traditional banking systems. These credit ratings power a range of financial products, including cash loans, blockchain-integrated credit cards, and pay-later solutions, allowing users to unlock liquidity without selling their crypto assets.

As decentralized finance (DeFi) continues to evolve, the lack of robust credit infrastructure remains a significant barrier for individuals and businesses alike. Traditional banks struggle to assess the financial credibility of crypto users, while fintechs and dApps lack effective tools to evaluate creditworthiness in a decentralized environment. Credible addresses these challenges by bridging the gap between traditional and decentralized finance (TradFi and DeFi), providing a transparent, efficient, and inclusive credit system that empowers users worldwide.

Smarter Lending with AI

The global credit market is worth trillions, yet millions of people remain underserved due to outdated and restrictive traditional credit systems. Among 560 million crypto holders worldwide, many struggle to access liquidity without selling their assets. Likewise, Web3 remote workers who earn in crypto often face difficulties building a local banking history, making it harder to qualify for credit cards, loans, and other financial services.

Credible ‘CreditAI’ is transforming how creditworthiness is evaluated in the blockchain space. By using AI-powered credit scoring, decentralized data storage, and interoperable protocols, Credible makes it easier for users to access credit without relying on traditional banks.

‍

The platform aims to enable undercollateralized lending, provide private credit solutions for businesses, and offer a user-friendly consumer credit system through Credible Finance.

Unlock the Potential of the Oracle License

The CreditAI agent generates credit reports and scores, which are securely stored onchain using a decentralized oracle node system. This ensures:

• Authenticity: Decentralized oracles guarantee data integrity.
• Reliability: Onchain storage provides consistent and accurate access.
• Transparency: Immutable credit scores and reports build user trust.
• Interoperability: Other protocols can easily integrate and use these credit scores for decision-making.

AI-Powered Credit Scoring: Transforming Loan Accessibility

Credible’s CreditAI infrastructure plays a crucial role in loan processing, particularly in determining Loan-to-Value (LTV) ratios based on borrowers' credit scores. The system dynamically updates credit scores quarterly, ensuring they reflect the latest wallet activity. As more transaction data accumulates, Credible aims to expand into undercollateralized lending, making credit more accessible. 

These AI-driven credit scores power a range of consumer financial products, including cash loans, blockchain-integrated credit cards, and pay-later options for retail users. Beyond individual consumers, Credible’s private credit offerings enable businesses to secure funding through venture debt, supported by transparent and efficient credit assessments. This unified system positions Credible as a comprehensive credit infrastructure platform, bridging traditional finance with decentralized finance.

From $6M in Loans to Industry Recognition: Credible’s Rise in Web3 Finance

Since its launch, Credible Finance has rapidly established itself as a leading force in on-chain credit infrastructure. In just five months, the platform has processed over $6 million in loans, serving more than 3,000 borrowers and generating $60,000 in revenue. Credible has built a strong ecosystem of lending partners, liquidity providers, and borrowers, reinforcing its role in bridging traditional and decentralized finance.

The platform has also gained significant industry recognition, winning 1st prize at FoundersVilla, UAE by Solana Superteam and securing 4th place at SolanaSummit, Malaysia, hosted by the Solana Foundation. Additionally, Credible was featured in the Colosseum Renaissance Hackathon by Solana Foundation and successfully completed the Outlier Ventures Accelerator RWA Bootcamp. With over 10,000 registered users, Credible continues to push the boundaries of decentralized credit, driving financial inclusion and innovation in the Web3 space.