Cred (mycred.io) is a renowned company known for its decentralized global lending platform that offers open access to credit universally. It exists in a burgeoning industry that is leveraging blockchain technologies to reshape traditional financial services, specifically in the lending domain. The competition comprises of companies like Clar and Lendoit that embrace digital transformation to streamline credit markets, enhancing transparency and reducing friction. With blockchain's tremendous potential, the industry is predicted to witness a seismic shift from financial intermediation to a streamlined, efficient network of borrowing and lending.


Top 25 Cred competitors

1. Clar

  • Website: clar.co
  • Headquarters: Stockholm, Stockholms Lan, Sweden
  • Founded: 2016
  • Headcount: 201-500
  • Latest funding type: Series Unknown
  • LinkedIn

CLAR WORKS TO ESTABLISH GLOBAL FINANCING RAILS CONNECTING BANKS WITH CONSUMERS WORLDWIDE, INCREASING TRANSPARENCY AND REDUCING FRICTION BETWEEN CONSUMERS AND LENDERS BY DIGITIZING THE GLOBAL CONSUMER CREDIT MARKET


2. Lendoit

  • Website: lendoit.com
  • Headquarters: Givatayim, Israel, Israel
  • Founded: 2017
  • Headcount: 11-50
  • LinkedIn

Lendoit.com is a decentralized peer-to-peer (P2P) lending platform that connects borrowers and lenders worldwide. It offers a trusted, fast, and easy way for individuals to obtain loans and invest their money, using the benefits of smart contracts and blockchain technology.


3. Amplify Protocol

  • Website: ampt.finance
  • Headquarters: Singapore, Central Region, Singapore
  • Founded: 2020
  • Headcount: 11-50
  • Latest funding type: Non Equity Assistance
  • LinkedIn

Amplify Protocol is a decentralized financial infrastructure that offers on-chain credit trust score, community approval, and permissionless lending of stablecoins with high annual returns and rewards. Borrowers can submit their applications for review and earn AMPT tokens by contributing to the platform, becoming part of the DAO.


4. LendoChain

Lendochain is a blockchain-based platform that offers fast, secure and efficient lending solutions to a wide range of customers worldwide.


5. TrustToken (now Archblock)

  • Website: archblock.com
  • Headquarters: San Francisco, California, United States
  • Founded: 2017
  • Headcount: 51-200
  • Latest funding type: Series Unknown
  • LinkedIn

Archblock is a decentralized alternatives marketplace built on TrueFi's open, transparent and immutable financial infrastructure. It offers globally accessible, diversified investment opportunities.


6. Ubx

UBX is the Philippines' leading Open Finance platform, providing access to a wide network of financial institutions and solutions.


7. FundMore.ai

  • Website: fundmore.ai
  • Headquarters: Ottawa, Ontario, Canada
  • Founded: 2018
  • Headcount: 1-10
  • Latest funding type: Non Equity Assistance
  • LinkedIn

FundMore.ai is an automated underwriting system that uses machine learning to streamline the Pre-Funding process for loans. The platform offers customizable automation, enhance the borrower experience through analytics, reduce risk using AI, and improve cycle times for new accounts.


8. Credefi

  • Website: credefi.finance
  • Headquarters: Sofia, Grad Sofiya, Bulgaria
  • Founded: 2020
  • Headcount: 11-50
  • Latest funding type: Seed
  • LinkedIn

Credefi offers a platform for decentralized lending to portfolios of businesses, connecting crypto lenders and SME borrowers from the real economy.


9. Ecopay

  • Website: ecopay.com
  • Headquarters: Yaoundé, Centre, Cameroon
  • Founded: 2012
  • Headcount: 11-50

Ecopay is a blockchain-based platform providing transparency and accessibility to financial services in emerging markets, solving the problem of financial inclusion by offering tools like mobile payments, savings accounts, personal investing, lending, and credit scores.


10. ARCx DAO

  • Website: arcx.money
  • Headquarters: San Francisco, California, United States
  • Headcount: 11-50
  • Latest funding type: Series Unknown
  • LinkedIn

ARCx Credit is a decentralized liquidity market that offers safe and efficient borrowing experience through the use of the DeFi Credit Score. The platform provides dynamic credit limits based on the users' on-chain activity.


11. TrueFi

  • Website: truefi.io
  • Headquarters: Dublin, California, United States
  • Headcount: 11-50

TrueFi is a decentralized credit platform that offers collateral-free lending to real-world and crypto-native borrowers. The platform is governed by TRU token holders, enabling lenders to earn high returns while borrowers receive transparent and efficient loans.


12. Debitum

Debitum.network is a global small business financing platform that offers alternative investment opportunities. It connects investors with small businesses seeking funding, allowing investors to earn interest on their investments while helping businesses access the capital they need to grow.


13. Everex

  • Website: everex.io
  • Headquarters: Singapore, Singapore, Singapore
  • Founded: 2016
  • Headcount: 11-50
  • Latest funding type: Product Crowdfunding
  • LinkedIn

Everex.io is a company that offers blockchain-based global payments solutions for individuals and businesses. Their platform enables fast, low-cost, and secure cross-border transactions, eliminating the need for traditional banks. With Everex.io, users can send and receive payments in multiple currencies, making it ideal for international businesses and individuals.


14. Almond FinTech

  • Website: almondfintech.com
  • Headquarters: Boston, Massachusetts, United States
  • Founded: 2020
  • Headcount: 11-50
  • Latest funding type: Seed
  • LinkedIn

Almond is an international funds network that seeks to remove barriers between people and money through borderless financial technology. They aim to provide better lives with fewer limits by enabling efficient cross-border payments and credit.


15. Fresh Supply Co

  • Website: freshsupplyco.com
  • Headquarters: Brisbane, Queensland, Australia
  • Founded: 2017
  • Headcount: 11-50
  • Latest funding type: Series A
  • LinkedIn

FSCO is a data-driven fintech platform that connects borrowers with lenders, helping businesses access capital through its financial solutions.


16. Fig Finance

  • Website: figfinance.io
  • Headquarters: New York, New York, United States
  • Founded: 2022
  • Headcount: 11-50
  • LinkedIn

Fig Finance is a worldwide lending platform that offers fast and scalable credit solutions. They connect lenders of all sizes with borrowers, including global banks and alternative lenders, through their API integrations and data science. They specialize in closing the credit gap and supporting small businesses in emerging economies.


17. Egoras

  • Website: egoras.com
  • Headquarters: Port Harcourt, Rivers, Nigeria
  • Founded: 2020
  • Headcount: 51-200
  • LinkedIn

Egoras is a decentralized financial platform that provides access to credit and other financial services for underserved populations around the world.


18. The Force Protocol

The Force Protocol is a crypto open financial protocol that offers a range of decentralized financial services. It integrates the bond financing protocol, crypto lending protocol, and decentralized stablecoin protocol to provide investment, financing, and trading services for individual and enterprise clients with different crypto financial needs.


19. Creditum.io

  • Website: creditum.io
  • Headquarters: Rotkreuz, Zug, Switzerland
  • Founded: 2018
  • Headcount: 11-50
  • LinkedIn

Creditum is a secure crypto Trading Platform and Decentralized Exchange for businesses and individuals, providing fast, frictionless loans and card payments, and allowing users to pay with fiat currencies while instantly converting their crypto to fiat for payments. The platform offers stablecoins, wrapped cryptocurrencies, and an IBAN account and card solution for spending cryptocurrencies and fiat money worldwide.


20. Sciensa

  • Website: sciensa.com
  • Headquarters: São Paulo, Piaui, Brazil
  • Founded: 2010
  • Headcount: 51-200
  • LinkedIn

Sciensa is a boutique company specializing in digital transformation for the financial market. They offer a range of products and services, including digital journeys for credit, loyalty, incentives, and cryptocurrencies. With a focus on reinvention, they collaborate with clients to design strategies that align with their ecosystems and provide digital solutions.


21. Clst

  • Website: clst.com
  • Headquarters: Zürich, Zurich, Switzerland
  • Founded: 2021
  • Headcount: 11-50
  • Latest funding type: Seed
  • LinkedIn

CLST is a company that creates markets for the new money. They are establishing a network of lenders and borrowers to become the institutional gateway for collateralized and uncollateralized lending.


22. Cion Digital

Cion Digital is a technology company that offers a lending platform for wealth advisors and their clients.


23. DafriBank Digital LTD

DafriBank is a digital bank that offers personal and business accounts, debit cards, cross-border payments, and crypto currency resources.


24. IN4X Global

IN4X Global is a cryptocurrency payment gateway and exchange platform. They offer a secure and cost-effective solution for businesses and individuals to accept and make payments with cryptocurrencies. With their iOWN Wallet app, customers can track transactions in real-time and receive instant settlement for purchases. The company aims to unlock the power of blockchain technology and make crypto payments simpler and more accessible.


25. Maven 11

  • Website: maven11.com
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded: 2015
  • Headcount: 11-50
  • LinkedIn

Maven 11 is a global blockchain and digital asset investment firm, partnering with diverse teams to solve exciting problems and drive the decentralization shift. They value blockchain technology and actively support and challenge their invested companies from inception to launch.


Want to find more Cred competitors?


If you want to find more companies like Cred that offer decentralized credit solutions, peer-to-peer lending services, and more you can do so with Inven. This list was built with Inven and there are hundreds of companies like these globally.


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