Creditcoin x Aella Integration Live!
Creditcoin’s first real-world lending integration is live, with over 28,000 loans already recorded via the newly released Credal API.
Creditcoin has always been about delivering real-world change, creating new opportunities for investors, and delivering much needed growth-capital to borrowers throughout the developing world as part of our mission to plug the $5 trillion global financing gap. That’s why we’re incredibly excited to share that our first lending integration is live!
Aella Integration Live!
Aella, our longstanding investment partners, have successfully completed their integration with Creditcoin 2.0 and are now recording thousands of loans — comprising loan terms, payments, and repayments — every day on the Creditcoin blockchain via our newly released Credal API.
Indeed, we’re proud to say that over 28,000 loans have already been recorded on Creditcoin 2.0, collectively worth over $1.8M USD.
Akin Jones, CEO of Aella: “We’re excited to be the first OpenFi partner to integrate with Creditcoin. By allowing our investors to see how our business is performing in real-time, we’re confident that this will increase counterparty trust and, ultimately, help us raise capital too. For us, and millions of users across Africa, that means more and cheaper access to vital sources of credit.”
This integration is all part of our long-term vision to ensure that transparency is at the heart of global finance, helping us realize our promises for the OpenFi ecosystem and deliver Aella users more access to capital than ever before. If you’re interested in investing in Aella or other OpenFi ecosystem partners, visit Gluwa Invest today!
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Soon, you’ll be able to view all of Aella’s loan performance directly on the Creditcoin blockchain via our brand new Creditcoin block explorer. That means real-time investment transparency between you, the investor, and our various OpenFi partner companies. For now, you can watch Aella record loans on our temporary block explorer here.
Block Explorer Coming Next
Our next major release is the new Creditcoin Block Explorer. At launch this will have all the same features as our previous Block Explorer. However, we have significant block explorer updates on the way, set to deliver unrivaled real-time ecosystem transparency.
You’ll be able to view not only overall ecosystem metrics, but partner specific loan book breakdowns including details such as current order book deal value, historic repayment rates, total credit provided and much much more.
Tae Oh, Creditcoin founder — “After months of hard work building Creditcoin 2.0, seeing Creditcoin deployed in the real-world to help millions of users across Africa gain access to credit is an incredible milestone for us. But the work is only just beginning.”
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About Creditcoin
Creditcoin is a foundational L1 blockchain built on Substrate designed to match and record credit transactions, creating a public ledger of credit history and paving the way for a new generation of interoperable cross-chain credit markets. By working with technology partners, fintech lenders, and other financial institutions across global emerging markets, Creditcoin is using the principles of Open Finance to secure capital financing, build credit history and facilitate trust for millions of underserved financial customers and businesses.
About OpenFi
Open Finance integrates blockchain technology with financial institutions, service-providers, fintechs, platforms and more. By capturing DeFi’s enormous potential and injecting it directly into the real world, OpenFi is recalibrating the financial system towards democratization, transparency and impact. Read the OpenFi manifesto here.
