Credora
AcquiredFounded 2019 · 6 employees on LinkedIn · 10 known investors
Credora provides risk ratings for decentralized finance markets, including tokens, lending pairs, and vaults. The platform uses quantitative analysis methodology to assess and communicate DeFi market risk on a standardized scale.
Also known as Credora by RedStone · Credora Network
Investors · 10
Also in the syndicate · 4
Funding
SEC filings, press & company announcements$6M disclosed across 1 of 3 rounds · 2023
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Credora is a provider of risk ratings for decentralized finance. Its platform assigns ratings to tokens, lending pairs and vaults on a single A+ to D scale, intended to allow comparison of risk across protocols and asset types. The rating process runs 100,000 Monte Carlo simulations per market and, according to the company, applies quantitative methods used in institutional structured credit analysis, mapping outputs to probability-of-default curves calibrated on 30+ years of credit data. Rating frameworks are publicly documented while the underlying algorithm remains proprietary. As of the company's current site, Credora reports 108 rated vaults, 177 markets and 51 assets covered.
Earlier in its history the company operated as a lending infrastructure and credit-evaluation provider for crypto markets. It used privacy-preserving computation to let borrowers validate creditworthiness in real time without exposing sensitive data, running a network for provably private computation of risk information from permissioned data sources across CeFi and DeFi. A portfolio note from investor WAGMI Ventures described a token intended to distribute network returns and incentivize node operation and data-source participation.
In September 2025 Credora was acquired by RedStone, an oracle provider. RedStone positioned the deal as combining real-time price feeds with standardized risk ratings, and in November 2025 launched "Credora by RedStone" with a rebuilt, largely automated ratings engine delivering creditworthiness scores, default probabilities and risk profiles through a GraphQL API across the Morpho and Spark lending ecosystems.
Founding story
Credora was founded in 2019 by Darshan Vaidya, Arne Hollum and Matthew Ficke to address information asymmetry in crypto credit markets, where poor transparency, weak underwriting standards and opaque lending institutions had contributed to large-scale credit failures.
Business model
Credora produces independent risk ratings and reports on DeFi vaults, lending markets and assets, distributed through a rating application, published reports and API access. Protocols can request ratings and institutional users can request reports and API access. Following the RedStone acquisition, ratings are distributed via a GraphQL API alongside RedStone's oracle data.
Not specified in the available sources beyond ratings, reports and API access offered to protocols and institutional allocators.
Traction
By January 2023 the company reported facilitating close to $900 million of loans to institutions and monitoring close to $4 billion of trading assets on behalf of lenders. Its ratings are used by DeFi protocols including Morpho and, since November 2025, Spark. The company's site reports coverage of 108 rated vaults, 177 markets and 51 assets.
Latest developments
RedStone acquired Credora in September 2025 and brought the ratings product to market as Credora by RedStone on 6 November 2025, going live across Morpho and Spark with a rebuilt automated ratings engine (automation raised from roughly 50% to over 90%) and a GraphQL API exposing creditworthiness scores, default probabilities and risk rationales. Co-founders Darshan Vaidya and Matt Ficke joined RedStone as long-term Strategic Advisors, and RedStone has stated the rollout will expand to other major lending protocols.
▸Full profile — market position, technology, go-to-market, geography, history, risks & controversies
Market position
RedStone describes Credora as the leading DeFi-native ratings platform and positions the combined offering as the first oracle uniting prices, risk ratings and collateral intelligence, drawing an analogy to the role of S&P and Moody's in traditional markets. Credora states its independence is structural and that rated vaults on lending markets have shown stickier TVL than unrated vaults.
A single A+ to D scale spanning tokens, lending pairs and vaults enabling cross-protocol comparison; publicly documented methodologies paired with a proprietary algorithm; simulation-based quantitative analysis mapped to traditional credit probability-of-default curves; and, after the RedStone acquisition, combination of ratings with oracle price and collateral data in one platform.
Technology
Ratings are produced with a quantitative engine running 100,000 Monte Carlo simulations per market, mapped to probability-of-default curves calibrated on more than 30 years of credit data, with crypto-native inputs covering liquidity, collateral, governance and volatility. Methodology documents are public while the algorithm is proprietary. The earlier product relied on privacy-preserving/zero-knowledge computation over permissioned CeFi and DeFi data sources. Post-acquisition the engine was rebuilt for over 90% automation with dynamic, real-time reassessment and GraphQL API delivery.
Go-to-market
Direct engagement with DeFi protocols that request ratings for their vaults and markets, and with institutional allocators seeking a documentable risk framework, supported by published reports, a public rating app and API access. Post-acquisition, distribution runs through RedStone's existing integrations with protocols such as Morpho and Spark.
DeFi lending protocols and vault operators seeking independent ratings, institutional allocators requiring a documentable risk framework for onchain yield, and retail DeFi users comparing risk-adjusted returns.
Geography
Headquartered in San Rafael, California; described in press coverage as a US-based provider serving global crypto and DeFi markets.
History
Founded in 2019 as a crypto lending infrastructure provider using privacy-preserving computation for real-time borrower risk evaluation, the company was headquartered in San Rafael, California and co-founded by Darshan Vaidya, Arne Hollum and Matthew Ficke. By early 2023 it reported having facilitated close to $900 million of institutional loans and monitored close to $4 billion of trading assets for lenders, and it raised a $6m strategic round in April 2023 bringing total venture funding above $16m. The business subsequently focused on DeFi risk ratings, and in September 2025 was acquired by oracle provider RedStone; the ratings product relaunched as Credora by RedStone in November 2025.
Risks & controversies
No controversies are described in the available sources. Sources note that the rating algorithm is proprietary even though methodologies are published, and that the company's earlier crypto credit lending business operated in a market that had experienced large-scale credit crises.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 4
launches, deals, and filingsRedStone launched Credora by RedStone, delivering creditworthiness scores, default probabilities and risk profiles via a GraphQL API, initially across the Morpho and Spark lending ecosystems, using a rebuilt ratings engine with automation increased from roughly 50% to over 90%.
Oracle provider RedStone announced the acquisition of Credora, combining real-time price feeds with standardized DeFi risk ratings. Credora co-founders Darshan Vaidya and Matt Ficke joined RedStone as Strategic Advisors.
Credora announced a $6m strategic funding round to build institutional rails for credit and enhance its private computation technology; S&P Global and Coinbase Ventures were the major investors, with participation from Spartan, Amber Group and Paradigm.co.
$6M source ↗
WAGMI Ventures published a portfolio announcement introducing Credora as one of the latest additions to its portfolio.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- Credoracredora.io · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Credora do?
- Credora rates DeFi tokens, lending pairs and vaults on an A+ to D scale; acquired by oracle provider RedStone in 2025.
- Who are Credora's investors?
- Credora's investors include Black Dragon, Bollinger Investment Group, Breed, Coinbase Ventures, Digital Currency Group, Wintermute.
- How much funding has Credora raised?
- Credora has disclosed $6M raised across 1 of its 3 known rounds.