Transparency Analytics, a financial benchmarking business focused on private credit, has completed its second funding round as it accelerates the development of its technology-driven ratings and benchmarking platform.
The round was led by Deciens Capital, with participation from Allianz Life Ventures, Mouro Capital, FJ Labs, SUM Ventures and Core Innovation Capital. Financial terms were not disclosed.
Founded in 2024, Transparency Analytics was created to modernise the traditional credit ratings process by applying quantitative analysis and technology-led methodologies. The company blends Wall Street credit expertise with Silicon Valley engineering to deliver clearer insights into corporate credit risk.
Transparency Analytics’ platform provides fully transparent corporate credit ratings alongside a real-time indicative ratings portal, enabling faster feedback on borrower creditworthiness. The company currently supports multiple debt structures, including project finance and credit tenant leases, and works with institutional lenders managing more than $1bn of credit assets.
Funding from the round will be used to scale the firm’s technology platform, refine go-to-market efforts and expand benchmarking tools such as its private credit index.
Transparency Analytics CEO Michael Brawer said, “We are extremely proud to welcome this outstanding group of investors, including Deciens Capital, who is known for their focus on digital transformation, and Allianz Life Ventures, which is part of Allianz SE, one of the largest companies, insurers and asset managers in the world.
“We offer a differentiated model with the goal of providing highly transparent ratings at a time of heightened concern among market participants about the potential for elevated private credit risk in largely illiquid debt securities.”
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