What is Trust Science?
Founded in 2014 and headquartered in Edmonton, Alberta, Canada, Trust Science is a prominent player in the financial technology sector. The company leverages AI-powered alternative credit scoring to assist lenders in accurately identifying prime borrowers, thereby mitigating risks associated with misclassified subprime applicants. Through its proprietary data collection methods, Trust Science gathers unstructured and consented mobile data to construct bespoke underwriting models tailored for various lending segments, including short-term, installment, and auto loans. The company's expansion includes additional locations across the United States and Canada, reflecting its growing market presence.
How much funding has Trust Science raised?
Trust Science has raised a total of $4M across 1 funding round:
Private Equity
$4M
Private Equity (2018): $4M, investors not publicly disclosed
What's next for Trust Science?
The substantial enterprise-level investment in Trust Science signals a strategic push towards scaling its operations and further developing its AI-driven credit scoring solutions. This capital infusion is expected to fuel technological advancements, expand market reach, and enhance its capacity to serve a broader range of lenders. The company's focus on alternative data and custom underwriting models positions it to capitalize on the evolving landscape of credit risk assessment, potentially leading to significant growth and market leadership in the fintech space.
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