Bringing Credit Scoring to the Celo Ecosystem
We're thrilled to announce that Cred Protocol is now live on Celo! This expansion enables the Celo community to establish their creditworthiness, and builders within the Celo ecosystem to embed risk data at the heart of their products.
Why Celo?
We're particularly pleased that the Cred Score now includes Celo activity, because it's an ecosystem that closely aligns with Cred's mission.
Celo's mission is to build a regenerative digital economy that creates conditions of prosperity for all. With users across 150+ countries, Celo is committed to a fair financial future for everyone.
Cred Protocol is supporting this mission by bringing trust and transparency to web3 by quantifying lending risk at scale.
Partnership with Valora
We've partnered with Valora, the leading wallet in the Celo ecosystem, making it possible for any user with Celo transactions to see their credit score within the Valora mobile app.
This integration means millions of Celo users can now:
- View their Cred Score directly in the Valora app
- Build their creditworthiness through their on-chain activity
- Access new financial opportunities based on their established credit history
About the Cred Score
The Cred Protocol credit score ranges from 300 to 1000 and covers over 200 million accounts. Our scoring is informed by on-chain transaction activity, with data sourced from:
- 7 blockchain networks
- 30+ lending protocols
- Comprehensive coverage of digital asset activity
This ensures broad coverage and accurate risk assessment across the DeFi ecosystem.
What This Means for Builders
If you're building on Celo, you now have access to:
- Credit Scoring API - Get risk scores for any Celo address in milliseconds
- Credit Reports - Comprehensive wallet analysis including cUSD, cEUR, and cREAL holdings
- Monitoring - Real-time webhooks for credit events and score changes
Getting Started
Integrating Cred Protocol on Celo is simple:
const response = await fetch('https://api.credprotocol.com/v2/score', {
method: 'POST',
headers: {
'Authorization': 'Bearer YOUR_API_KEY',
'Content-Type': 'application/json'
},
body: JSON.stringify({
address: '0x...',
chain: 'celo'
})
});
const { score, band, factors } = await response.json();
// { score: 785, band: "Very Good", factors: [...] }Join Us in Building the Future
We're inviting participants in the Celo ecosystem to help us integrate the Cred Score and bring about lasting change in the economy.
Whether you're building a lending protocol, a wallet, or any application that could benefit from credit risk data, we'd love to hear from you.
Ready to get started? View our documentation or book a demo to learn more.