Accountable
Offers comprehensive lending solutions, leveraging ZK proofs for data-driven decisions.
| Date | Investors | Amount | Round |
|---|---|---|---|
* | $2.3m | Seed | |
| Total Funding | 000k | ||
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Accountable operates as a digital finance platform focused on the crypto credit market, originating from the market turmoil of 2022 that saw the failure of major centralized crypto lenders. The company was founded that year by CEO Wojtek Pawlowski, formerly of venture capital firm Maven 11, and CTO Ioan Moldovan, founder of Weavechain. They witnessed the cascading credit failures caused by opaque financial disclosures and a lack of accountability, which inspired them to create a platform where trust is programmable.
The firm's core business is a privacy-focused data verification network designed to rebuild the undercollateralized crypto lending space. It targets institutional clients, including lenders, borrowers, stablecoin issuers, exchanges, and Real World Asset (RWA) protocols. The business model is centered on the idea that advanced cryptography can be used to fairly assess a user's creditworthiness with on-chain data without forcing them to compromise sensitive information. Accountable enables businesses to prove their financial health and access on-chain liquidity, while investors can find verifiable yield opportunities.
The platform utilizes sophisticated cryptographic technologies like Zero-Knowledge Proofs (ZKPs), zkTLS, secure enclaves, and fully homomorphic encryption. This technology allows users to connect their custodial and exchange accounts to a dashboard that generates verifiable credit risk reports. Borrowers retain full control over this data, deciding what to share and with whom. This functionality allows entities like stablecoin issuers or trading firms to provide real-time proof of reserves or solvency without exposing the specific details of their holdings or proprietary strategies. In December 2024, the company announced a $2.3 million seed funding round co-led by MitonC and Zee Prime Capital to expand its operations.
Keywords: crypto credit, decentralized finance, DeFi lending, undercollateralized lending, zero-knowledge proofs, ZK-TLS, data verification, financial privacy, on-chain analytics, proof of reserves, institutional crypto, verifiable yield, digital assets, credit risk assessment, Wojtek Pawlowski, Ioan Moldovan, crypto transparency, financial data sharing, secure enclaves, homomorphic encryption