Spectral Finance Closes $6.75 Million Financing Led by Polychain

TokenInsight news, Spectral Finance, a personal credit-based lending protocol, announced the closing of a $6.75 million funding round led by Polychain Capital with participation from Galaxy Digital, ParaFi Capital, and others. Spectral has developed the infrastructure for assessing credit risk in Web3 and laid the framework for a new asset class with programmable creditworthiness. Spectral's first product is an on-chain credit score, which provides lenders with an improved mechanism to assess borrower risk and grants users full control over their identity and pseudonym on the blockchain.