Credifi lets users borrow instantly without collateral. Verification is done via Plaid, and funds are sent to your bank account, Venmo, PayPal or crypto wallet. Currently open to US users with a bank account. Built on DeFi rails but designed for mainstream access.
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Credit drives economic growth, yet to date DeFi has only figured out how to underwrite overcollateralized loans, which limits borrowing for productive economic activity. Credifi expands the suite of loans available in DeFi by offering a credit system for undercollateralized loans and abstracts completely to the user.