Aire

lendingcredit scoringartificial intelligence/machine learning

FOUNDING YEAR: 2014
LOCATION: United Kingdom
Last Update: 19/01/2021

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About

Aires credit insight engine makes credit fairer for consumers, and more valuable to lenders.We believe that context improves credit decisions. So when a customer isnt catered for by a traditional credit bureau, we offer a second chance inviting customers to tell us about themselves.

MEDICI Analysis

Aire Labs provides an alternate credit score for users who are incorrectly classified because they have no credit history. It enables users to qualify for essential financial products. The company offers flagship product Aire virtual interview is a customer questionnaire platform that allows users to enter their information in the application and generates a credit score for them, especially users with no prior credit history. Aire has recently received authorisation from the Financial Conduct Authority (FCA) to operate in the UK. Currently, the company is planning to start operations in North America as of Mar 2017.

Focus

PRODUCTS & SERVICES

Customer behavior activity based credit scoring platform for banks & other financial institutions. Aire Virtual Interview - It is a credit scoring platform which provides full stack application and evaluated through machine learning. The platform collects and validates applicant-provided data to evaluate profession, education, and financial knowledge. It also provides APIs to lenders, to be integrated with their systems, to provide credit scores of the applicants applying for the loans on their platform. Aire's credit score engine helps thin-file customers including young adults, self-employed individuals, legal migrants and new borrowers to qualify for essential financial products and build their credit histories.

MAIN CLIENTS

Retail consumers & financial institutions

EXISTING PARTNERSHIPS

Partnered with banks

lenders and other financial institutions.

COMMENT

Aire leverages machine learning to generate a credit score based on the character and capacity of applicants. During an online interview,

Traction

VALUATION / MARKET CAP:

$13.33 M in 2016

COMPANY TYPE:

For Profit

TRACTION COMMENT:

Currently, the company focused on partnerships with lenders in personal loans and credit cards but has plans to expand to broader financial products(Sep 2016).

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

1,736

AVERAGE VISITS (6 MONTHS)

4,815.58

MONTHLY VISITS GROWTH

-72.89%

VISIT DURATION

158

VISIT DURATION GROWTH

10,425.16%

PAGE VIEWS VISIT

1.61

PAGE VIEWS VISIT GROWTH

48.85%

BOUNCE RATE

57.37%

BOUNCE RATE GROWTH

-33.78%

GLOBAL TRAFFIC RANK

4,771,711

MONTHLY RANK CHANGE

1,427,435

MONTHLY RANK GROWTH

42.68%

Innovation Programs

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