Accountable Raises $2.3M in Seed Funding to Revolutionize Undercollateralized Crypto Lending

Accountable, a privacy-focused crypto data startup, has secured $2.3 million in seed funding to redefine the undercollateralized crypto credit market. The funding round was led by MitonC and Zee Prime Capital, with participation from notable angel investors such as Darius Rugys of Maven 11 and DCBuilder from the Worldcoin Foundation.

The startup aims to transform how borrowers and lenders interact by providing a data platform that ensures trust and transparency. Accountable’s platform allows borrowers to connect custodial, exchange, and other relevant accounts to generate real-time credit risk reports. These reports can be selectively shared with lenders, giving borrowers full control over their data.

Founded in response to the 2022 collapse of the centralized crypto credit market, Accountable seeks to rebuild trust in the ecosystem. The company leverages cutting-edge cryptographic technologies, such as Zero-Knowledge Transport Layer Security and fully-homomorphic encryption, to securely assess and verify a user’s creditworthiness. Unlike overcollateralized onchain platforms like MakerDAO, Accountable focuses on reviving the undercollateralized lending ecosystem by offering holistic solvency assessments without requiring borrowers to disclose sensitive data like API keys or wallet addresses.

The platform’s technological innovation has already drawn interest from major players. Accountable’s dashboard can serve multiple use cases, including providing real-time proof of assets and liabilities for exchanges or stablecoin issuers without exposing proprietary holdings. Financial institutions have also shown enthusiasm for its ability to safeguard sensitive data while accessing crypto markets.

With its focus on privacy, cryptographic security, and user-centric design, Accountable is positioned to become a key player in the next wave of crypto lending solutions. The platform aims to empower lenders and borrowers with tools for secure, data-driven interactions, setting a new standard in the undercollateralized crypto credit space.