AllianceBlock and Graypes join forces to rate start-ups

AllianceBlock has teamed up with Graypes GmbH – a Switzerland-based AI company – to vet and rate investment opportunities.

Start-ups will be marked through Graypes’ business rating mechanisms and company assessment technology, with AllianceBlock providing peer-to-peer decentralised funding opportunities through its funding protocol.

This integration will allow smarter and easier funding, lending and borrowing for start-ups in need of liquidity.

The service will target both professional and retail investors and specialise in the financial technology, property technology and software-on-demand sectors.

Rachid Ajaja, CEO and co-founder of AllianceBlock, said he believed the finance industry was still lacking a verified vetting system to allow investors to identify and invest in promising start-ups.

“Recent interest amongst leading institutional players is a testament to the demand for integrated products like these, where costs and time are vastly reduced without compromising on proper due diligence,” he said.

“In addition, many start-ups face issues with accessing capital from reliable sources. Our new partnership with Graypes will create a unique, verifiable, and trustworthy funding ecosystem that increases capital flows between investors and start-ups through data-driven verification.”

Federico Carrasco, CEO and founder of Graypes, suggested the project could save precious time for businesses.

“There is a real gap in the start-up investment market for fast, reliable services that help global businesses to receive evaluation and access the funding they need to grow,” he said.

“Co-developed with AllianceBlock, the Fast Track to Investment (FTI) service will provide investment capital to businesses while reducing time spent on assessment and funding in a decentralised environment.”

The partnership follows several expansion partnerships for AllianceBlock in recent months, including Avalanche’s Pangolin decentralised exchange.