• FOUNDING YEAR: 2014
    LOCATION:
    United Kingdom
    REGION:
    Last Update:
    27 Jun, 2019
    Company priority:
    We are hiring! Know anyone awesome?

Description

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,

PEOPLE

FOUNDERS:
Jon Bundy, Dr. Srini Sundaram, Aneesh Varma
Board Members and Advisors:
Peter Jackson, Jonathan Bundy, Aneesh Varma
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Techstars, Mahdi Shariff, Peter Jackson, Barclays Accelerator, SparkLabs Global Ventures, Andrew Mullinger, Tom Glocer, Accion Venture Lab, Chris Adelsbach, Sunstone Capital, White Star Capital, Tom Glocer
KEY EMPLOYEES:
Aneesh Varma(CEO), Tim Kimball(CTO); Jonathan Bundy(COO)

TRACTION

VALUATION / MARKET CAP:
$13.33 MM in 2016
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).

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$8.4 Millions
DATE OF LAST FUNDING:
Jul 2017
TOTAL FUNDING COMMENT:
The company is planning to use recent raised funds for expansion in North America.
SEED & PRIOR FUNDING:
$1.4 Millions
SEED CLOSED ON:
Jan 2015
FUNDING SERIES:
SERIES A
$5 Millions Closed: Jul 2017
LISTED:
NO
COMMENT:
Venture funding: $2 M(Oct 2016). The company has received strategic investment from the Accion lab in Apr 2016.

LATEST RESEARCH