What is Trust Science?
Founded in 2014 and headquartered in Edmonton, Alberta, Canada, Trust Science is at the forefront of AI-powered alternative credit scoring. The company empowers lenders by leveraging AI to accurately identify prime borrowers, mitigating risks associated with misclassified subprime applicants. Through its patented data collection methods, Trust Science gathers alternative unstructured and consented mobile data to construct bespoke underwriting models tailored for various lending segments, including short-term, installment, and auto loans. With additional operations across the US and Canada, Trust Science is expanding its reach in providing innovative credit assessment solutions.
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 funding and recent strategic investment signal a period of accelerated growth and market expansion for Trust Science. This capital infusion is expected to fuel further development of its AI-driven credit scoring technologies and enhance its proprietary data collection capabilities. The company is strategically positioned to capitalize on the increasing demand for sophisticated, data-driven underwriting solutions in the financial sector, aiming to solidify its leadership in alternative credit scoring and broaden its client base among lenders seeking to optimize borrower assessment.
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