The CredoApp solution enables unbanked, underserved and new-to-credit (NTC) applicants to access credit using their smartphone’s metadata to produce a highly accurate credit score. CredoApp’s scorecards feature a Gini coefficient of up to 0.6, which has a significant impact on the cost of risk for lenders. With this credit scoring application, companies are able to safely extend credit to largely untapped market segments, such as new-to-credit (NTC), millennials, self-employed and small business owners.
How it WorksCredoApp generates a completely anonymous and unreadable digital footprint.
Companies can achieve time-to-yes in less than 1 minute compared to days using traditional, manual processes.
Confidently lend to lower-risk clients at lower interest rates.
Full automation of the credit decision process fully supports existing credit policies.
The vanguard of CredoLab's family of credit risk management products that increases application approval rates while keeping negative rates under control.
Simple, plug-&-play solutions working in conjunction with our products, such as the white label app & SDKs, to provide seamless digital onboarding experiences.
An Analytics-as-a-Service platform using data and insights from privacy-consented data sources to provide a simple, ready-for-action profitability plan.
