Review on Cred by Robiul Islam
It has one of the dynamic team with solid development. They have well…
It has one of the dynamic team with solid development. They have well connected investor base, partnerships with Uphold and UPA could help mass adoption of the platform. The team are doing an excellent job in both technical and business development. The project has been showing extraordinary progress. The loan platform is currently available in three languages and Available today in 180+ countries. I believe CRED has a good chance to succeed despite the numerous competitors in the area.
Updated 6 years ago
Rating has not been changed
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The Cred leadership team includes professionals from PayPal to Prosper and former lending, payments and fintech executives from Goldman Sachs to Zong, in addition to some of the best legal and regulatory counsel available.
Pros
- • The team leading the project is exceptionally strong, with senior executives from PayPal and successful entrepreneur in the credit space. I believe that previous success in related entrepreneurial realization is a strong indicator of future success. CRED is already working with bright projects like Radar Relay and MakerDAO to strengthen the platform. With the strong team in place, i believe the project should not have a hard time securing valuable partnerships going forward. The project is backed by various institutional investors who can provide the initial supply of capital and become lenders. If you thinking about buying LBA then look at key features of the platform: • A collateral grade algorithm assesses the volatility of collateral assets. • Identity-verification platforms to outsource the verification process. • Diversified sources of credit funds. • Extensive exchange partnership network. • In-house proprietary AI-based credit models.
Cons
- •The road map is rather obscure. Without the details, it is hard to explore the level of planning the team has on the project. •There are already quite a few blockchain lending projects, so competition is strong.
