Synnax, a decentralized credit intelligence platform, has launched the beta version of its cutting-edge Credit Intelligence platform. This marks a pivotal advancement in evaluating creditworthiness, moving beyond traditional methods by integrating decentralized AI, privacy-preserving computation, and blockchain technology.
A New Approach to Credit Ratings
Unlike traditional credit rating models, Synnax eliminates the issuer-paid model, often introducing conflicts of interest. Instead, it offers unbiased, predictive Credit Intelligence based on real-time data. “Companies are not paying to be rated; only those accessing the intelligence pay for the insights,” said Dario Capodici, Co-Founder and COO of Synnax. This approach ensures a fair and independent assessment of creditworthiness.
Synnax’s platform combines the security of blockchain technology with decentralized AI to provide in-depth insights into the financial standing of both public and private companies. Robert Alcorn, CEO and Co-Founder, emphasized that the outdated methodologies of the credit rating industry hinder innovation.
Synnax crowdsources predictive credit signals through its decentralized network of machine learning models, offering forward-looking, independent insights into credit markets. The beta launch comes after a strategic funding round completed in October 2024 brought Synnax’s total fundraising to $1.55 million.
Investors such as Wintermute and TON Ventures have supported the platform’s growth. With these funds, Synnax will continue developing its Credit Intelligence platform and Telegram mini-app, SynQuest. Since launching in September, SynQuest has attracted over 320,000 users, highlighting the growing demand for Synnax’s services.
Synnax’s User-Friendly Interface
Although Synnax operates within Web3, it has designed its platform with a user-friendly Web2.5 interface. The platform combines the transparency and security of decentralization with the ease of use typical of Web2 systems, making it accessible to a broad range of users.
With its beta phase now open, the platform can be accessed for free at www.synnax.app, offering an opportunity to explore this innovative credit intelligence tool.
