Pay Day Loan

CredoLab Helps Payday Lender Scale the Business by Reducing the default rates by more than 26%

The Challenge

  • Launching a mobile-only payday loan
  • Right loan amount, terms, and interest rates
  • Lack of credit bureau and historical financial data

    The Solution

    • CredoLab's SDK integration with existing app
    • Scoring the applicant based on the device metadata, in real time
    • AI-powered algorithm converted mobile data into predictable behavioural score

    User Adoption


    (% of customers who grant permissions)

    Drop in Default Rate


    Time to Loan


    (time from scoring request to disbursement)

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    Let CredoApp Transform Your Business

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