Creditcoin looks to be a collaboration between two fintech firms:
Aella Credit
Gluwa

Source: https://www.coinspeaker.com/creditcoin-turns-digital-wallets-investment-market/

Gluwa and Aella Credita have joined forces to launch Creditcoin, an inter-blockchain P2P lending market that operates across distributed ledgers ensuring permanent record of transactions that cannot be alter or tampered with.

So what are Aella Credit and Gluwa?

So Gluwa is a Fintech / Finance firm based out of Silicon Valley working on some sort of Stable Coin (USD-G)

Source: https://www.crunchbase.com/organization/gluwa
and lists 500 Startups as its main investor, which is a global VC withh over $500m in investments.

Aella Credit looks to be another fintech/finance firm based out of sillicon valley & Nigeria working on some sort of credit solution for loans

https://www.crunchbase.com/organization/aella-credit#section-investors
and lists Brian Armstrong (CEO of Coinbase), Y Combinator, Vy Capital, 500 startups, Zeno Ventures, HQ Financial Group, Unis Venture Fund, Steve Chen (Founder of Youtube) as investors.
This seems like a pretty solid backing.

In terms of what Aella is doing,

https://techcabal.com/2020/02/10/nigerian-fintech-aella-credit-is-pivoting-after-raising-10-million/

Over the last five years, the company said growth has been impressive. Two months after it launched, Aella provided 90 million loans, Jones told TechCabal in 2015.
But in the last two years, it said its user base has grown 674% and revenue grew 193%.
Aella’s latest funding round is its second investment. It previously raised $2 million seed funding from YCombinator, 500 Startups, VY Capital and Gluwa. A number of important individual investors also participated in the round including Michael Siebel from YCombinator, Coinbase’s Brian Anderson and former NFL cornerback, Shawntae Spencer.
With the new investment from HQF, Aella has announced three important moves.
First, the company plans to expand across Africa and South-eastast Asia.
Second, it is working on a blockchain lending solution called Creditcoin. Not much is known about the product. But according to a press release, Creditcoin will provide creditworthiness information “and aid in the acquisition of one million additional users by the end of 2020”.
It sounds like Creditcoin will be used to process the loan history along with creditors history through the Aella App, which will offer Loans, investments, Health Insurance, and bill payments.

https://play.google.com/store/apps/details?id=com.aella.comportal&hl=en

Currently has over 500,000 Installs with an average 4 star rating.

I know that a few years back Chinese exchanges were doing most of the worlds volume but after the crackdown its died down alot.

BUt exchanges like OKEX, huobi are still seeming to do a large amount of volume.

Do you think they are good exchanges?

For example recently a coin that I have been following (Creditcoin) recently listed on OKEX and the volume has increased to almost 10m a day daily

but still many users are wary about trading on a Chinese exchange, and i do not think it has as much power as a global exchange like binance.

Anyways I am curious what everyones opinion is

Decentralized credit system.
Raised $12 million from Y combinator, Coinbase, and 500 Startups

Currently listed on Bittrex, is doing more daily volume than ether or ripple

Volume and Price has increased greatly the past month without slowing down

Big rumors of major exchange listing (coinbase?) within this month.

Just showed up on OKEX wallet

Just did AMA for Gate IO Chinese community

Former Binance employee as advisor



I mean.... how is this not the next moonshot?

So I recently found a new project (Aella) that was invested in by Brian Armstrong of Coinbase.

Does this mean that it will list on coinbase?

or is that considered insider trading etc and not allowed

Hello we are a registered company in Seoul, South Korea


We offer English -> Korean Translation at an affordable price

We are blockchain professionals and can offer technical translations of whitepapers, technical papers, articles, websites, and more.

Also offering community management and Korean bounty management and viral marketing services

Our portfolio and past clients can be viewed at

https://viralnation.co.kr

Please use the contact form on the page to contact us