Alt Credit Score Startup, Aire, Raises $1.1 Million
While Aire received the new installment in January, it has not been made public until now. The funding comes from existing investor SparkLabs Global Ventures, with additional contributions from:
- Andrew Mullinger
- Peter Jackson
- Tom Glocer
Aire pulled in its initial Seed round of $300k in the summer of 2014. When added to the second Seed round in today’s announcement, the startup’s funding totals just under $1.5 million.
Aire’s recently launched Credit API enables lenders to perform a credit check on people who do not have financial history on file with traditional credit bureaus. Its predictive algorithms assign a score to consumers based on self-declared data and other reliable sources, such as LinkedIn.
The startup is a TechStars company, and has received multiple other accolades. Here are the latest:
- Fintech City: Hottest Ten Fintech of Europe
- Business Insider: Top 15 Start-ups in Europe
- DataMonitor Financial: FinTracker Award