Credible is the only global distributed ledger to store business credit data on the blockchain in a way that disrupts the incumbent credit bureaus and inefficient loan processes.
And we’re doing this to solve the $5.2 trillion funding gap suffered by SMEs each year who struggle to gain credit because of a lack of trustworthy data.
Credible democratizes credit data ownership, putting it back into the hands of businesses.
Businesses own their own data. They are incentivized to build strong credit histories as they share their business credit data on the blockchain.
Our ecosystem connects lenders, data providers, credit scorers, researchers & enterprises to contribute, verify and consume credit data.
The Credible marketplace is open to purchase raw data, value added credit reports and loan provision facilitated by Trusted Escrow Agents (TEAs).
Credible has its own infrastructure, a blockchain network for public access, data contribution and querying. It is multi-country and will comprise of a large number of nodes, each a separate TEA.
Our code and design is and will always be open source and is shared on Github.
We encourage collaboration and welcome suggestions to improve the design and flow of Credible.
Apply to become a Credible Network partner today. We welcome applications for data partners, TEAs and analytic partners to join the Credible Network and Marketplace.
SmartPesa is the team behind Credible. It is an experienced payments and agency banking FinTech which has been powering transactions for over 8,000 business owners in 5 countries since 2014. SmartPesa’s regulatory and standards compliant platform-as-a-service provides a range of financial services across the last mile in Emerging Markets. It can be deployed on-premises or in the cloud and supports international and local cards, wallets, APIs as well as cryptocurrencies.
Credible is the SmartPesa’s team 3rd Blockchain project after successfully rolling out CryptoPayments and CryptoATM which are part of the SmartPesa product suite. We see our role as developing the first wave of Credible, helping to add data and becoming the first TEA.
Deep technical knowledge: Our team has extensive experience in engineering, technology, bank integration, and high performance real-time systems.
Hear why our Advisors have joined Credible:
With the use of cryptography and blockchain technology for business credit data, Credible can unlock the value of merchant data while enhancing data security and helping businesses avoid possible data breaches. I look forward to working with SmartPesa to continue advancing credible business solutions for the community.
Dr Rex Yeap - Partner of Invention Capital, Inventor of IP BlockchainIn my experience bringing financial services to the unbanked, I found that missing, incomplete, and untrustworthy information is potentially an obstacle for micro and small enterprises to access capital. By leveraging blockchain technology to unlock credit history data, Credible can serve as a game-changer in helping to reduce the massive SME funding gap in developing economies
Matteo Chiampo - CGAP Consultant, SUSS Fellow, TravelkhanaI like ICO projects on existing businesses rather than pure promiseware. SmartPesa has presence in large Southeast Asian markets, which positions it well for future growth. Its existing POS solutions, coupled with the new Credible, also add new revenue streams for the company.
Ville Öhman - Cryptocurrency Fund Manager, Blockchain TechnologiesCredible’s innovative, ambitious application of blockchain and digital assets to expand financial inclusion is key in creating a new range of possibilities for business and customers while meeting the United Nation’s Sustainable Development Goals. For that, it should be supported by foundations, private funds, and the impact investment community-at-large.
Fabio Nehme - Founder and CEO, Nehme GroupIn developing markets, credit information is often used as a negative confirmation bias to detract from an open, transparent and progressive financial services marketplace. Credible provides a transparent, distributed and auditable platform for businesses, empowering them to contribute valid data while increasing the trustworthiness of the data verification and generation process.
Ali Hussein Kassim - C-Level Executive, Financial Inclusion advocate, FinTechI am delighted to be part of SmartPesa’s experienced team to advance a new era of financial inclusion for emerging economies. Backed by advanced blockchain technologies, the launch of Credible could become a game-changer to the broader business markets while empowering the lives of many in local communities
Roy Lai - CEO, Founder - Sentinel ChainCGAP Consultant, SUSS Fellow, Travelkhana
Matteo is passionate about ideating, starting and growing ventures that solve complex operational problems at the interface between the online and offline world. In his role as consultant for CGAP, an office of the World Bank with the mission of increasing financial access to the poor, Matteo has developed a deep expertise in the application of technology and innovative business models, and spearhead several projects in Bangladesh, India and Myanmar in the area of digital financial services.
"In my experience bringing financial services to the unbanked, I found that missing, incomplete, and untrustworthy information is potentially an obstacle for micro and small enterprises to access capital. By leveraging blockchain technology to unlock credit history data, Credible can serve as a game-changer in helping to reduce the massive SME funding gap in developing economies."
Cryptocurrency Fund Manager, Blockchain Technologies
CoVille is the Co-founder and Fund Manager of the Cryptocurrency Balanced Large Cap Fund SP. CBLC is the first Fund globally to launch with top-tier service providers for audit, banking, custody, administration, tax advice, cybersecurity, insurance and legal compliance.
"I like ICO projects on existing businesses rather than pure promiseware. SmartPesa has presence in large Southeast Asian markets, which positions it well for future growth. Its existing POS solutions, coupled with the new Credible, also add new revenue streams for the company"
Founder and CEO, Nehme Group
Fabio is a C-level executive with nearly 20 years of international experience, working in some of the leading global financing, international development and commodities organisations, such as Alcoa, World Bank Group and EDF Trading running global social impact programmes and building businesses.
Fabio has been directly involving in investing and trading large-scale capital, as well as introducing new technologies in developed and developing countries, in particular in Africa, Latin America and Southeast Asia, Europe and United States. He regularly speaks and writes publicly on the application of blockchain and digital tokens to sustainable development and had the distinction of testifying on international development-related topics at the invitation of the California Congress.
"Credible’s innovative, ambitious application of blockchain and digital assets to expand financial inclusion is key in creating a new range of possibilities for business and customers while meeting the United Nation’s Sustainable Development Goals. For that, it should be supported by foundations, private funds, and the impact investment community-at-large."
C-Level Executive, Financial Inclusion advocate, FinTech
Hussein is a C-level executive engaged in technology, passionate about learning, financial inclusion and FinTech. Focused on the opportunities in Africa, he holds board level appointments in both For-Profit and Not-For-Profit organisations and mentors young techpreneurs through his association with Demo Africa, A Pan-african Tech Startup Platform.
"In developing markets, credit information is often used as a negative confirmation bias to detract from an open, transparent and progressive financial services marketplace. Credible provides a transparent, distributed and auditable platform for businesses, empowering them to contribute valid data while increasing the trustworthiness of the data verification and generation process."
CEO and Co-Founder, InfoCorp Technologies Pte Ltd
Roy has over 20 years experience in investment banking, foreign exchange trading and inter-bank payments. An innovator in financial technologies, he was instrumental in the delivery of FAST, a real-time payment network across 14 Singapore banks.
Roy has a strong background in creating cryptocurrencies trading systems as well as providing consultations in the use of blockchain and smart contract technologies. He established InfoCorp Technologies to provide infrastructure to accelerate financial inclusion for the unbanked and solve end-to-end supply chain logistics problems through the use of blockchain technology. Sentinel Chain, an InfoCorp project, is a blockchain-based international marketplace for cross-border financial services and the world’s first platform to accept the use of livestock as collateral. Roy is also Senior Research Fellow at the Singapore University of Social Sciences, where he teaches blockchain programming and smart contracts.
"I am delighted to be part of SmartPesa’s experienced team to advance a new era of financial inclusion for emerging economies. Backed by advanced blockchain technologies, the launch of Credible could become a game-changer to the broader business markets while empowering the lives of many in local communities".
Partner of Invention Capital, Inventor of IP Blockchain
Dr Yeap has three decades of experience in the Information Technology value chain that spans industry, government and academia. He is the co-inventor of the patented IP blockchain and has over 20 Information Technology related patents and thousands of inventions over the past three decades, see http://ye.sg/patents
Dr Yeap is also the head of Education in the Singapore Cryptocurrency and blockchain Industry Association. Over the past decades, his angel investment portfolio includes early-stage technology companies mostly in the Information Technology space and increasingly FinTech area.
"With the use of cryptography and blockchain technology for business credit data, Credible can unlock the value of merchant data while enhancing data security and helping businesses avoid possible data breaches. I look forward to working with SmartPesa to continue advancing credible business solutions for the community."
The PESA token is at the heart of the Credible Network.
All transactions across Credible take place in PESA
Merchants receive PESAs from 3rd parties for accessing their data
Merchants pay PESAs to Verifiers for verification services
Merchants can pledge PESAs as collateral for loans
Purchasers can Buy and Sell PESAs through SmartPesa CryptoATM
Customers can make payments in PESA for good and services
Our team is working hard to make Credible a reality
Find out more about what we are doing with Credible
Credible is a permissioned secure blockchain network built by SmartPesa specifically for SME business credit data in emerging markets, looking to disrupt the incumbent credit bureaus and inefficient loan processes.
All payments for data creation, validation and accessing of data within the Credible Network blockchain is settled in PESA tokens ("Tokens"). For example, payment for access to merchant data is settled in Tokens while merchants can use Tokens for data origination and validation services. Merchants can also pledge Tokens as collateral or sell using the SmartPesa CryptoATM
Tokens are priced in USD and payment can be made in ETH, BTC HT and BNB. The exchange rate is dynamically determined at the time of placing the order on our Token Sale website.
Join the white list until such time as the Token sale is public. When that happens, access to the token sale platform will be available on this website. Terms and conditions apply.
Yes, SmartPesa is a FinTech that is in its 5th year of operations during which time, we built a great team, solid product and deployed in 5 countries with banks and acquirers.
We are a business with long contracts, real banks, real users, hundreds of thousands of transactions monthly and real revenues. This gives credibility to the team backing Credible with experience to roll-out and operational experience.
SmartPesa started following blockchain in early 2017. We did research and development on cryptocurrency payments, and filed a patent (with iPOS). Our team is familiar with nodes, confirmations, wallets and the underlying cryptography.
Credible is bigger than us. We have the right team and the data to kick it off but want all financial institutions to participate. This distributed data gathering, verification and consumption model lends itself to Blockchain.
Tokens are used for all payments on the blockchain including data creation, validation and consumption. The total supply is fixed and any unsold tokens will be burnt. Even as the data on the blockchain grows in size, the number of Tokens will never increase.
Yes. SmartPesa will facilitate escrowing of Tokens for purposes of loan collateral. SmartPesa will put the Tokens as the preferred cryptocurrency in its own Apps on both CryptoPay and CryptoATM.
Tokens are used by requestors to buy data. On data request, the token is transferred to the data owner who can hold it, hord it, or sell it. While the pricing is dynamic, requestors will be acquiring tokens for their purchasing of credit data
Yes, their incentive is to montetize their data. Businesses and merchants will receive tokens and use for verification, or sell them. This brings supply and demand on both sides ot the transaction.
Yes, the Token Sale is run through an online portal tracking the available tokens for sale, the exchange rates of accepted investment currencies, and the transactions of each purchaser.
We want to keep it simple. No frills or desperate sales tactics. Early token purchasers in pre-sale assist our project to reach our softcap, and we require a certain minimum commitment for these placements.
The Token Sale has started. We are working with stratic purchasers on the support and backing of the Credible blockchain. Dates for pre-sale and a public crowdsale will be announced in due course.
While SmartPesa makes no guarantees at this stage, our efforts will be to release tokens within 10 days from end of public sale. Since we have prototypes and MVP, the token should be put in the hands of token purchasers and merchants.
Yes. We were fully aware of the 25 May deadline. All our call to actions, signups and online forms are GDPR compliant with discloures and checkboxes for voluntary subscription to future communication.
Yes, we have to abide by the local and international laws of the respective regulations promulgated under the MAS Act, United Nations Act, and the Terrorism (Suppression of Financing) Act.
Any question? Reach out to us and we'll get back to you shortly: