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credit scoring
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777

What is decentralized credit scoring?

via Tearsheet

Traditional credit scoring uses debt repayment information from financial institutions to determine the creditworthiness of a borrower. Decentralized credit scoring, on the other hand, uses a peer-to-peer network of trusted parties and personal data to attest to the identity and creditworthiness of a potential borrower, creating a secure credit scoring system for everyone, no matter their debt history. (more…)

Blockchain, Credit scoring

March 14, 2019

749

Experian opens Singapore incubator

via Finextra

Experian, the world leader in information services, is further expanding and investing in its innovation facility, Experian X Labs based in Singapore.

The facility serves as Experian’s first incubator and collaboration centre for cutting-edge solutions, aimed at addressing pressing economic and societal issues in India, such as financial inclusion. The Experian X Labs team, comprises of data scientists, product architects and industry innovators.
(more…)

Accelerators/Incubators/Labs, Credit scoring, India, InspirAsia, Singapore

March 8, 2019

714

Square Capital head: We are leveraging data to extend credit to small businesses that lack access to traditional loans

via CNBC

Square Capital, the lending arm of Square Inc., has taken advantage of a market of small- and medium-sized businesses that lack access to traditional financing, the subsidiary’s head Jackie Reses told CNBC Tuesday.

In a sit-down interview with Jim Cramer on “Mad Money,” Reses said the financial technology company has leveraged data to serve businesses that aren’t well capitalized. Square reported making out about $472 million in 72,000 business loans in 2018, up 55 percent from the year prior. (more…)

Credit scoring, Fintech news, POS/mPOS and online acquiring, SME

March 6, 2019

3218

How Big data is being leveraged across FinTech?

I am sure that you have heard of one of the only profitable FinTech unicorns in the world: Klarna. A customer making an online purchase enters only their email address and zip code on an e-commerce merchant site to buy an item. (more…)

Fintech news

February 24, 2016

3835

Life.SREDA, AT Capital lead Series B investment in Lenddo

DealStreetAsia: Singapore-based fintech VC firms Life.SREDA and AT Capital have led a Series B round in Lenddoa provider of data for credit scoring and online verification. The financial terms of the investment are undisclosed. The company will use the funds for business expansion. Other investors participating in this Series B round were Omidyar NetworkBlumberg Capital and Golden Gate Ventures. (more…)

Deals, Hong Kong, InspirAsia

October 15, 2015

1804

Credit Karma Has Raised $175M On A Valuation Of $3.5B, As It Looks To An IPO In The Next...

TECHCRUNCH: The rush of funding for fintech startups continues. TechCrunch has learned and confirmed that Credit Karma — a platform that provides credit scores to users but also serves as a portal for people to search and apply for various financial services like loans, credit cards and insurance — has raised a round of funding of $175 million on a valuation of $3.5 billion. (more…)

Deals, Fintech news, news

June 24, 2015

1672

Alt Credit Score Startup, Aire, Raises $1.1 Million

FINOVATE: London-based Aire.io, the startup that is democratizing credit scores for people with thin or no credit files announced a $1.1 million round of funding today. (more…)

Deals, Fintech news, news

March 25, 2015