Allianz Life backs Transparency Analytics

Transparency Analytics has completed its second funding round, 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, the company focuses on quantitative credit ratings and benchmarking for the private credit market, which is projected to reach $3.5 trillion by 2028.

The new capital will be used to scale its technology platform, refine go-to-market efforts, and develop additional products, including a private credit index, as it works toward broader adoption among institutional lenders and a potential NRSRO designation.