Alessio Marinelli
Founder & CEO
Fifteen years pricing credit risk at KPMG and Deloitte, a decade in structured finance across Asia, then co-founder of Monetalis, where he ran $1.7bn of Maker real-world asset vaults at peak.
On-chain private credit
Put your stablecoins to work earning yield from real-world cash flows — not token prices, trading activity, or DeFi incentives. Originated, underwritten and settled on our own platform, so your returns stay uncorrelated to crypto market cycles.
- max fixed yieldmaximum fixed yield
- 18%
- fundedfunded to date
- $16.37M
- card paymentscard payments financed
- 12,000+
- invoices repaidinvoices repaid
- 6,000
- avg. yield paidavg. yield paid to date
- 16.5%
- realised lossesrealised losses to date
- 0
Our network
- Turtle
- Visa
- Maker
- Greengage
- Starknet
- Chainlink
- Enzyme
- Accountable
- Paymesh
Why it's different
Your returns come from businesses repaying short-term credit, not from token prices, trading activity or DeFi incentives. The rate is fixed when you deposit, so it does not follow the crypto cycle.
- Real-world cash flows
- Repayments from trade and card receivables.
- A fixed rate
- Set when you deposit, paid on your schedule.
- Short duration
- Days to weeks, never years.
Fixed-rate private credit+18% Nasdaq Composite+16% Bitcoin-35%Market volatility, last 12 months
Same period. Three very different paths.
Daily closes for the 12 months to 16 Sep 2026, indexed to 100. Sources: Yahoo Finance, CoinGecko. Past performance is not a guide to future results.
Proof & trust
Every figure on this page carries a receipt: attested reporting, audited vaults and on-chain records anyone can check.
Attested
Accountable and Chainlink attest the book.
Audited vaults
Enzyme vault infrastructure on Ethereum.
Protected
20 to 25% structural loss protection built into every deployment.
Private, provable
Selective disclosure keeps borrowers confidential while the book stays verifiable.
Transparency dashboard
Livelast attested 09 Sep 2026 · Accountable, Chainlink$0.00M
funded to date
$0k
rewards paid
0
realised losses
Credi vault
12 to 18% fixed
- NAV
- $3.4M
- Share price
- 1.000
- APY achieved
- 16.5%
- Attestation
- Accountable09 Sep
Turtle vault
15 to 18% dynamic
- NAV
- $1.8M
- Share price
- 1.042
- APY achieved
- 15.9%
- Attestation
- Chainlink09 Sep
Compare
Real-world credit
Businesses repaying short-term credit
Who pays the yield?
Businesses, to get paid sooner
Does the rate move with crypto prices?
No, the rate is fixed
How long is your money exposed?
Days to weeks
Token incentives
Rewards paid in newly issued tokens
Who pays the yield?
New token supply
Does the rate move with crypto prices?
Yes
How long is your money exposed?
Open-ended
Trading and funding rates
Income from market activity
Who pays the yield?
Leveraged traders
Does the rate move with crypto prices?
Yes
How long is your money exposed?
Open-ended
Vaults
Pick your vault.
Credi pays up to 18% fixed. Each vault has its own terms; longer locks earn higher rates.
Rewards estimator
Illustrative. Payout pays on the vault schedule; Accumulate compounds at each payout.$1,500 paid on schedule
$961 compounded
2 of 4
$15,000 across 2 allocations→est. rewards $2,461
Start earningEstimates only. Rewards are not guaranteed and digital assets involve risk.
What we do
Invoice finance and on-chain receivables are different asset classes, but Credi applies the same origination, underwriting and risk approach to both, and to whatever comes next.
Asset classes
Today, that approach runs across two asset classes, chosen for the same reasons: short-duration liquidity, a proven track record, and strong structural protection.
Live since 2024
Invoice finance
B2B trade receivables from UK businesses, advanced against legally assigned invoices.
Live since 2025 · Visa Ramp
On-chain receivables
Card and transaction receivables financed while they settle, via the Visa Ramp Provider Program.
The approach
Being on-chain changes how we settle, not how carefully we underwrite.
1
Origination
We originate every opportunity ourselves. Credi is not a marketplace: nothing is listed for LPs to browse, and every deal is sourced and vetted first.
2
Underwriting
You can't tokenise credit assessment. Settlement runs on-chain, but every receivable goes through the same traditional, thorough underwriting.
3
Assignment
Each receivable is legally assigned to Credi before any advance, so the claim is enforceable whether the asset is an invoice or a card receivable.
4
Servicing
Collections are monitored through to repayment, with the same reserves, reporting and fixed reward schedule for every asset class.
Risk management
Being on-chain changes how capital moves, not the legal claim behind it. Every facility carries the same protections a traditional lender would require.
1
Structural loss protection
20 to 25 percent built into every deployment.
2
Legally assigned assets
Assigned to Credi before any advance is made.
3
Control of facility cashflow
Repayments flow to Credi, bypassing the borrower.
How the money moves
The team
Credit underwriters first, on-chain builders second. Decades of pricing risk before a single line of it was written to a contract.
Pedro Cerdeira
Head of Partnerships
Over 25 years of enterprise sales and business development at Oracle, EMC, HP and Accenture. Former General Partner at 3Comma Capital and board member at Investors Portugal.
Ready when you are
Put your stablecoins to work.
Fixed rewards from verified receivables, paid on the schedule you choose. Opening a position takes a few minutes.
Start earningFor borrowers
Businesses with invoices to collect and card payments waiting to settle get same-week working capital from Credi, originated and underwritten by our own team. Their repayments are exactly what pays your vault.
For borrowers: talk to usWhat is Credi?
Credi is an on-chain private credit platform. We originate, underwrite and settle short-duration real-world credit on our own platform, today invoice finance for UK businesses and card receivables financed while they settle, and liquidity providers earn fixed rewards from the repayments.
Where do the rewards come from?
From real-world cash flows: businesses repaying short-term credit. Not from token emissions, trading activity or DeFi incentives.
Why is the yield higher than on lending protocols?
Short-duration business credit is underserved by traditional lenders, especially at smaller facility sizes. That gap is priced into the financing, while each exposure lasts days to weeks.
What are the risks?
No structure is risk free. Every deployment carries 20 to 25% structural loss protection, assets are legally assigned to Credi before any advance, and repayments flow to Credi rather than through the borrower. A reserve structure sits in front of provider capital, vaults are audited and reporting is attested.
How do I start?
Pick a vault, choose a lock period, deposit stablecoins in the app. Rewards accrue on schedule.
