Jan 13, 2025

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Accountable Secures $2.3 Million Funding to Enhance Crypto Lending Transparency

The crypto credit market is still recovering from the 2022 collapse of major players. Changes and increased transparency will be necessary for future growth.

Key points include:

• Accountable, a data platform in the undercollateralized crypto credit space, aims to lead post-2022 lending firms.
• The platform focuses on proving financial health without sharing sensitive information, enhancing trust in lending markets.
• Accountable secured $2.3 million in funding to improve transparency using zero-knowledge proofs.
• CEO Wojtek Pawlowski aims to establish Accountable as a digital finance platform offering yield-bearing opportunities.
• Pawlowski believes retail interest in lenders will return as transparency issues are addressed.
• Current partnerships with firms like Galaxy and Amber Group are in place.
• Pawlowski suggests that the psychological impact of financial losses diminishes after two or three years, indicating potential for renewed investor interest.