What is CredoLab?
CredoLab operates as an advanced alternative credit scoring platform, leveraging device and behavioral data to deliver robust fraud detection, risk scoring, and marketing insights. The company serves a diverse clientele, including banks, financial institutions, and fintechs, empowering them to mitigate credit risk, enhance fraud prevention measures, and refine marketing strategies. With a client base exceeding 150 entities, including prominent financial organizations, CredoLab's real-time data analytics are instrumental in enabling smarter, faster, and more profitable decision-making processes within the financial sector.
How much funding has CredoLab raised?
CredoLab has raised a total of $8M across 2 funding rounds:
Angel/Seed
$1M
Series A
$7M
Angel/Seed (2017): $1M with participation from Fintonia Group
Series A (2020): $7M led by GBG
Key Investors in CredoLab
GBG
GBG is an investor in CredoLab's Series A funding round. Further details on their specific investment focus are not provided.
Fintonia Group
Fintonia Group is a regional venture capital and alternative assets fund management firm focused on financial technology, particularly enterprises that advance financial inclusion for underserved consumers and businesses in emerging markets across Asia. They are a regional leader in inclusive finance venture building.
What's next for CredoLab?
Following its recent major strategic investment, CredoLab is well-positioned to accelerate its growth trajectory. The substantial capital infusion is expected to fuel product development, expand its global reach, and enhance its technological capabilities in leveraging device and behavioral data for credit risk assessment. The company's focus on providing actionable insights to financial institutions indicates a strategic push towards solidifying its market leadership and further innovating in the fintech and alternative data analytics space.
See full CredoLab company page
