Credora, a provider of institutional credit infrastructure that straddles centralized and decentralized finance (DeFi), has raised $6 million in a strategic funding round that included S&P Global and Coinbase Ventures as investors. The capital will help build out the technology and bolster Credora’s private computation technology that’s used to underwrite and monitor borrowers.

Founded in 2019, Credora provides lending infrastructure and a credit ratings system tailored toward private credit markets The company says its privacy-preserving technology allows lenders to make informed real-time decisions without compromising borrower information. Credora has facilitated over $1 billion in loans to date, according to the company.

Other participants in the funding round included Spartan, Amber Group, CMT Digital, Hashkey, GSR, KuCoin Ventures, liquidity provider Paradigm. co, Pirata Capital, Breed VC, and WAGMI Ventures. The round takes Credora up to $16 million in total funding.