Synnax, a pioneering decentralised credit intelligence platform, has announced the beta launch of its cutting-edge Credit Intelligence platform, a culmination of intensive research and development by a team with deep expertise in digital assets, traditional credit markets, and artificial intelligence.
This innovative platform redefines how creditworthiness is assessed by integrating decentralised AI, privacy-preserving computation, and blockchain technology. The result is real-time and unbiased predictive Credit Intelligence that breaks new ground in credit analysis and financial insights.
“The credit rating industry has long struggled with a lack of meaningful innovation, burdened by outdated methodologies and inherent limitations,” says Robert Alcorn, CEO and Co-Founder of Synnax. “Synnax changes that narrative. We’ve built a platform that offers truly independent, forward-looking Credit Intelligence, powered by a decentralised network of incentivized and independent machine learning models. By crowdsourcing predictive credit signals, we go beyond the confines of traditional credit analysis. This is a game changer for both public and private credit markets.”
Synnax currently delivers Credit Intelligence for over 20,000 public companies worldwide. This intelligence is presented in the form of Credit Signals—an adaptive alternative to conventional credit ratings—offering both projected and point-in-time evaluations. Additionally, Synnax introduces the Resiliency Score (R-Score), a consensus-driven probability that indicates a company’s likelihood of meeting its debt obligations over the next 18 months.
Synnax’s Credit Intelligence dashboard also offers an unparalleled level of financial detail, displaying predictive values for 17 key financial indicators and 22 crucial financial ratios for each company in its database. This provides underwriters, analysts, and lenders with a transparent, data-rich view into a company’s financial future, untainted by bias or external influence.
“Our back-testing has shown that Synnax’s predictive models can identify signals that often precede bankruptcy by up to 12 months,” Alcorn explains. “In essence, we’ve built a tool that can forecast the financial trajectory of a company, providing an early warning system for both positive and negative trends. This isn’t speculation; it’s technology analysing the past to illuminate the future.”
Following this launch, Synnax is set to expand its offering to privately held companies across web2 and web3. For the first time, these businesses will have access to a Synnax Credit Intelligence dashboard at no cost, enabling them to showcase their creditworthiness with transparency and confidence.
“The issuer-paid model, common in traditional credit ratings, introduces conflicts of interest and fosters bias,” says Dario Capodici, COO and Co-Founder of Synnax. “We’ve eliminated that model entirely. With Synnax, companies don’t pay to be rated; instead, only those who wish to access the intelligence will pay. This ensures that the insights remain independent and objective.”
Built on decentralised AI and blockchain technology, Synnax is fundamentally a web3 company, but its Credit Intelligence platform transcends the web3 space. With a web2.5 interface, Synnax combines the best of both worlds: the transparency and security of decentralisation, with the intuitive user experience of web2.
The beta launch follows the completion of a strategic funding round in October 2024 with Wintermute Ventures and TON Ventures, bringing Synnax’s total fundraising to $1.55 million. The new capital will fuel the continued development of Synnax’s flagship Credit Intelligence protocol and its Telegram mini-app—SynQuest, which has attracted over 320,000 users since launching in September.
As Synnax enters its beta phase, its Credit Intelligence platform is available for free and can be explored at www.synnax.app.
About Synnax
Synnax is transforming the world of credit ratings through its decentralized Credit Intelligence platform, leveraging a decentralized network of cutting-edge machine learning models to predict financial outcomes with greater accuracy. The platform is designed to offer deeper insights into both public and private companies, making it a powerful tool for investors and businesses alike. Synnax is backed by leading global investors including Wintermute Ventures, TON Ventures, No Limit Holdings, Bitscale Capital, Ryze Capital, Kinetic Capital and many more.