CredoLab builds bank-grade digital scorecards by analysing mobile device data with an AI-based proprietary algorithm that converts a smartphone user’s digital footprint into predictive credit scorecards. Its pay-per-use solutions serve banks, consumer finance companies, auto lenders, online and mobile lenders, insurance companies, and retailers. The company reports 63 clients across 19 countries. CredoLab uses alternative data to help financial institutions expand financial inclusion, improve credit scoring accuracy, and reach new customer segments. It was established in 2016 and is described as a venture built by FORUM and backed by Fintonia Group and Walden International. GBG has also entered a commercial partnership to accelerate delivery of CredoLab’s solutions through its Instinct orchestration and risk-intelligence platform. CredoLab is a Singapore-based digital credit risk management firm. Its core product area is digital credit risk management. The company announced the closing of a $1 million investment round. The investor named in the article was Walden International, described as a global venture capital firm. The article does not disclose additional financial metrics, users, or operating details. No future plans or product roadmaps were described in the article.

Total raised

$8M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2020