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Crypto data startup Accountable has successfully raised $2.3 million in seed funding, positioning itself to transform the undercollateralized crypto credit landscape. The funding round, led by MitonC and Zee Prime Capital, included angel investors such as Darius Rugys of Maven 11 and DCBuilder from the Worldcoin Foundation.
Founded in response to the 2022 crypto credit market collapse, Accountable aims to rebuild trust in lending systems by leveraging cutting-edge cryptography. The platform offers a privacy-focused data dashboard where borrowers can connect custodial, exchange, and other accounts. Borrowers maintain control over their data, generating credit risk reports to share selectively with lenders.
The startup addresses the limitations of existing undercollateralized lending systems. Unlike overcollateralized platforms such as MakerDAO, which weathered past market downturns, Accountable seeks to redefine risk assessment for crypto credit. By integrating technologies like Zero-Knowledge Transport Layer Security (ZK-TLS) and fully-homomorphic encryption, Accountable provides borrowers and lenders a way to interact trustlessly without compromising sensitive data.
CEO Wojtek Pawlowski emphasized the company’s edge over competitors like Credora, noting that Accountable users avoid sharing API keys or wallet addresses, which often result in static and less reliable credit measurements. The platform’s cryptographic approach ensures dynamic and holistic assessments of a borrower’s solvency, fostering greater confidence in undercollateralized loans.
The collapse of lending giants such as BlockFi and Celsius highlighted the risks of trust-based systems. Yet, crypto-native tools, built on decentralized principles, remained resilient. Accountable builds on this foundation, demonstrating how advances in cryptography can reshape the ecosystem.
Accountable’s technology extends beyond lending. The platform enables real-time asset verification, crucial for stablecoin issuers and exchanges aiming to present proof-of-reserve reports without disclosing proprietary holdings. This innovation has already attracted users like CyantArb Group, which praised Accountable for maintaining confidentiality while securing debt.
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With eight employees and plans to expand, Accountable is set to revolutionize the crypto credit space. The startup anticipates raising additional funds in Q2 2025, paving the way for broader adoption of its privacy-first solutions. As the market evolves, Accountable’s approach to trustless lending and data transparency could become a cornerstone of the crypto financial ecosystem.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
A lifelong learner with a thirst for knowledge, I am constantly seeking to understand the intricacies of the crypto world. Through my writing, I aim to share my insights and perspectives on the latest developments in the industry. I believe that crypto has the potential to create a more inclusive and equitable financial system, and I am committed to using my writing to promote its positive impact on the world.
