Kofi

@defyneric @privy_io @dynamic_xyz @thirdweb @crossmint @turnkeyhq @magic_labs @raincards @Stablecoin @KulipaXYZ @wirexapp @reapglobal @iron @BVNKFinance @UR_global @dakota_xyz financial data verification for uncollateralized credit @Cr3dentials

API’s Every Neobank Needs: 1) Login/Wallet @privy_io @dynamic_xyz @thirdweb @crossmint @turnkeyhq @magic_labs 2) Card Issuance @raincards @Stablecoin @KulipaXYZ @wirexapp @reapglobal 3) Virtual ACH Accounts @iron @BVNKFinance @UR_global @dakota_xyz 4) Privacy Layer @SeismicSys @UmbraPrivacy 5) Yield @yield @yield_xyz @blend_money @veda_labs 6) Swaps @moonpay @lifiprotocol @0xProject @squidrouter @AcrossProtocol @wormhole @RelayProtocol 7) KYC/AML @sumsub @persona @chainalysis 8) Stablecoin orchestration @Paxos @openfx_ @CodexFX @m0 @ethena @OndoFinance am i missing any?

Credit infrastructure for crypto-native neobanks. Watch how the largest economies on the internet grow from the amount of unsecured credit that is about to flow.

@defyneric It feels like these days everyone is super heads down. I'm hoping fintech comes outside this summer.

who’s building in fintech?

Bringing back this gem because it's happening now To any crypto-native fintech that wants to verify the source and quality of inbound user funds and identity for compliance, limit tiering, and future credit products. Send me a DM & checkout @Cr3dentials

@matveevp You know the next way you can scale your Baas model higher past the already impressive $1.3b in aov ? If you verify the source and quality of inbound user funds & Identity, you can offer credit products to your user base natively inside of the @wirexapp

@Octop3s Any neobanks looking to offer credit products natively in their app? you'll need an income verification layer to really pull it off. Checkout @Cr3dentials & we can link you up with capital partners.

Who’s actually building in crypto neobanks, payments, and crypto cards right now? Drop projects below…

Cr3dentials makes it easy to lend & borrow onchain

@defyneric @FlexSuperApp onchain private credit needs privacy & freedom to verify proof of identity, income, and assets offchain hints... @Cr3dentials

onchain private credit is the next $100B opportunity whoever can issue credit with low default rates and strict payment reinforcement policies controls the next generation of banking hint hint.. @FlexSuperApp

@thetimhe Owning a user base through a neobank and scaling into lending is the new moat for crypto neobanks if you ask me. @Cr3dentials is helping neobanks and lenders graduate into this direction.

ranking fintech business models by durability: 1. lending (if your u/w is legit) 2. payments (if you own the rails) 3. saas (if you're essential for a workflow) 4. interchange-driven cards (good until it isn't) 5. neobanks built on someone else's bin (one regulatory letter from cooked)

@defyneric @Cr3dentials is looking to verify income, assets, and reputation offchain for protocols looking to lend through neobanks!

who’s building payroll advance for crypto neobanks?

I want to run an undercollateralized lending pilot with crypto neobanks issuing virtual ACH accounts. Which team is ready to do this seriously? @Cr3dentials has the missing piece and we are ready to move FAST. DMs open.

@cryptoreine 1.5k fintechs are ready to graduate & should look into onchain credit, but the infrastructure needs to catch up. Imagine the freelancer in LatAm with the EU work contract from @deel and depositing their usd salary into @lemonapp_ar : their income can be verified offchain & tokenized on-chain. Bridging neobanks, lenders(trad/De Fi) & data verifiers like @Cr3dentials creates the rails for embedded finance to further scale banking as-a-service with the gig workers, creators & digital entreprenuers in emerging markets. The aggregation layer is and will be the unlock.

How @avax Is Powering The $2B Tokenization Wave with @cryptoreine Tokenization Lead at @AvaLabs Timestamps 00:00 Embedded Finance Defined 01:44 Tokenized Assets In Finance Stack 03:25 1500 Fintechs In LatAm And APAC 04:23 Ava Labs Trusted Advisor Approach 05:19 LatAm Demand For Stablecoins 05:50 Yield On Idle Stablecoins 06:42 Axiom $1B On Avalanche 09:04 On-Chain Dollar Stays On-Chain 09:45 Legal Structuring Is Everything 11:22 End Game Is Invisibility 13:35 APAC Tokenization Push 14:21 $2B Securities To Avalanche 15:19 Who Is Making Money 17:46 Distribution Is The Next Problem 18:31 Supply Side Solved

@therollupco @ballsyalchemist @ballsyalchemist on top of trying to balance offchain to onchain liquidity venues, verifying / underwriting the different off/on chain risk assets where liquidity will eventually flow is another space that is underbuilt in this private credit market.

The tokenization narrative says: put assets onchain and capital will flow. @ballsyalchemist says the narrative skips the hardest part. "You have tokenized assets ranging from private credit to funds to commodities sitting onchain. But the price discovery and the main liquidity have always been sitting offchain." Tokenization without liquidity is a listing without a market. You can put a treasury onchain. But if the real trading, the real hedging, the real price discovery still happens on traditional venues, the onchain version is a receipt, not a market. The thesis is right. The execution gap is liquidity. And until that gap closes, the TAM remains theoretical.

At @Cr3dentials we’re optimizing for UX. zkTLS is known to have some friction in this sector, and as a B2B2C company that’s something we take seriously. Plaid set the gold standard here, and we’re building toward it. Looking for someone who can show off our UI/UX to the public. A motion designer is preferred.

The stablecoin float gets the headlines. Onchain credit just printed 22x growth running quietly underneath. @Solofunk from @serotonin_hq breaks down what's actually driving it.

SMEs and SMBs represent close to 70% of global GDP. And the process for underwriting most of them is still manual. Slow. Fragmented across data that lives in too many places to pull together cleanly. Expensive enough that lenders regularly decide the lift is not worth it. Ali Sammour said it plainly: even reaching 20% of that addressable market is massive. These are the businesses that are the economic lifeblood of their countries, developed and emerging markets alike. That is the market Cr3dentials and @droplinked are focused on. The businesses that keep economies moving and consistently get left behind by financial infrastructure that was not built for them. Full conversation with Ali on the CR3POD. Link in comments. open.spotify.com/show/00st9XAKY…

@firstc0in Been working on the infrastructure play for this @Cr3dentials . Would love to connect! Check out my latest article on the topic x.com/ciphertextk/st…

@MerlinEgalite Been working on something similar @Cr3dentials would love some feedback on my latest article around this topic x.com/ciphertextk/st…

The ability to create earn & borrow products will become so commoditized that most companies with proprietary data they can leverage to better underwrite risk will do it. YouTube, Deel, and Uber are obvious, but opportunities are everywhere, think Substack, Airbnb, Spotify, etc.

A lot of this is going to come down to proper recourse mechanisms for lenders, which is why I know America is the best place to flagship while the rest of the world matures.