Teller Raises $1M in Seed Funding to Bring Credit Scores to DeFi

Cointelegraph

Published Jul 16, 2020 11:51PM ET

Updated Jul 17, 2020 01:40AM ET

Decentralized lending startup Teller has raised $1 million in a seed funding round led by Framework Ventures to build the first algorithmic credit risk protocol for decentralized finance (DeFi).

The solution will interact with legacy credit scoring systems, like Equifax (NYSE:EFX), to provide aggregated data into the DeFi lending markets. Parafi Capital and Maven11 Capital also participated in the investment round.

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