Credible: Modern Payments
for Modern Businesses

Credible is a live cross-border payments business: $844M of total payment volume processed to date, roughly $3.5M of annualized run-rate revenue at a ~20bps blended take rate, 11 institutional clients, and banking, compliance, and payments infrastructure supporting its current corridors. On July 13, 2026 it issued its ownership token through MetaDAO; the sale received $32.8M in commitments against a $4.0M maximum raise, and CRED now trades on public markets. Forward figures in this deck are Novora forecasts built from company guidance, and are labeled as such.

Credible provides cross-border pay-in and pay-out infrastructure for internet businesses that conventional processors often under-serve: stablecoin fintechs, prediction markets, gaming, creator platforms, AI startups, and trading platforms. One API connects merchants to local payment methods and settles into stablecoins at T+0. Compliance and KYC workflows are applied according to merchant, corridor, and regulatory requirements. Roughly 95% of merchants today are US companies reaching non-US markets.

Credible helps global businesses collect locally and settle in stablecoins. The value is fewer banking relationships, faster settlement, and better access to markets where traditional processors are slow or unwilling to operate. The stack below carries the model; the corridors carry the execution risk.

Credible's token launched through MetaDAO on July 13, 2026, raising between a stated $2.0M minimum and $4.0M maximum with allocations scaling on demand. Commitments ran far beyond the cap and excess amounts were refunded under MetaDAO's allocation system.

MetaDAO explains how CRED was issued and how treasury decisions are governed. It does not prove the payments business. That case rests on customers, volume, revenue, and repeatable corridor expansion. Proceeds sit in an onchain vault founders cannot unilaterally access; spends pass through prediction-market proposals with a $250K monthly drawdown allowance, and the stated post-raise plan scales monthly spend to roughly $500K, weighted to infrastructure and licensing.

The forward figures in this deck are Novora forecasts built from company guidance. They require continued volume growth, a durable take rate, and sufficient working capital for corridor prefunding.

Novora Holdings LLC ("Novora") serves as capital markets and investor relations advisor to Credible Finance and holds CRED tokens. Novora may benefit from increased awareness, liquidity, or market value of CRED. Novora's compensation for that engagement is not contingent on the findings, conclusions, tone, or timing of this report.

This report is research published by Novora and represents the views of Novora. It is intended for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation to purchase CRED or any other asset. Readers should conduct their own diligence and consult qualified legal and financial advisors before acting on any information contained herein.

Novora retained editorial control over the preparation of this report. The report draws on information provided by the company and on public sources; Novora makes no representations or warranties as to the accuracy, adequacy, or completeness of company-provided information. Forward-looking figures are Novora forecasts and scenarios built from company guidance, are labeled as such, and may not materialize.

Metrics are sourced from Credible company reporting, the company's public Dune dashboard, MetaDAO launch materials, and CoinGecko, each checked on the date shown. Integration partners are described by category only; the Owlting pilot is named in the company's public launch materials. Published following the conclusion of the CRED token sale in July 2026.