Libra Credit

blockchainblockchain (lending)

FOUNDING YEAR: 2017
LOCATION: United States
Last Update: 01/05/2020

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MEDICI Analysis

Libra Credit is a decentralized lending ecosystem built on the Ethereum blockchain. It facilitates open access to credit anywhere and anytime by collaborating with partners in both crypto and financial markets

Focus

PRODUCTS & SERVICES

The blockchain-based platform provides access users with credit by leveraging a dual-credit assessment framework.

EXISTING PARTNERSHIPS

The company has partnerships with crypto exchanges

stablecoin providers (e.g. Maker DAO)

third-party identity verification data providers (e.g. uPort)

and licensed financial institutions (e.g. banks

asset managers).

People

FOUNDERS

Lu Hua

BOARD MEMBERS AND ADVISORS

Scott Thompson

Shuoji Zhou

Kenneth Oh

Liam Robertson

Brett King

INVESTORS:

500 Startups

8 Decimal Capital

Alphabit Fund

Blockchain Capital

BlockTower Capital

CryptoParency

Dekrypt Capital

DFund

DHVC

FBG Capital

GBIC

Signum Capital

KEY EMPLOYEES:

Lu Hua (CEO); Dan Schatt (President)

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

1

TOTAL FUNDING

$14 M

DATE OF LAST FUNDING

Apr 2018

TOTAL FUNDING COMMENT

The company plans to use the funds to democratize Lending and Bring Liquidity to the Crypto Marketplace(APril 2018).

FUNDING SERIES

SERIES A  · $14 M  · Apr 2018

LISTED

NO

COMMENT

ICO: $16 M(April 2018)

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