Currently there are over 1.7 billion unbanked people in the world. The narrow, conventional definition of creditworthiness has resulted in these potential customers missing out on opportunities to start new businesses and access personal credit.
Our goal is to redefine the way creditworthiness is assessed by enabling decision makers to tap into a highly reliable alternative data source: mobile device metadata. This unexplored source of customer behavioural data empowers businesses to underwrite applications from unbanked, new-to-bank and new-to-credit (NTC) customers (e.g. self-employed, millennials, thin files, etc.). CredoLab’s alternative credit scoring platform delivers results with a high degree of predictability & accuracy in real time while ensuring complete privacy protection.
Presence in 15 countries.
16 million application downloads.
Selected in Plug and Play Jakarta.
500K features developed.
Raised $1M from GoBear.
Presence in 12 countries.
Signed partnership agreement with GoBear
120,000 featured developed.
Global expansion beyond Southeast Asia to Africa, China, India, Latin America and the CIS.
Signed alliance agreement with Visa APAC.
Raised $1Mn from Walden International.
Named among Singapore Business Review's Top 20 start-ups.
Presence in 6 countries.
2.4 million application downloads ARR.
10,000 features developed.
$800,000 raised from Fintonia Group, Reliance.
CredoLab officially launches.
CredoLab raised $200,000 in seed round from FORUM.
CredoLab is committed to making credit available to all. We do this by giving businesses access to an untapped, highly-predictive source of behavioural data to make faster, better credit scoring decisions with zero error rate.
To become a trusted partner that facilitates access to fair credit for consumers while equipping businesses with the latest AI credit scoring technology.
We are revolutionising financial access and enabling financial institutions to provide access to credit on fair terms for those that aren't able to access traditional systems.
Learn more about how CredoLab came to be and how we got to where we are today.