Cignifi

Cignifi

  • FOUNDING YEAR: 2010
    LOCATION:
    United States
    REGION:
    Massachusetts
    Last Update:
    14 Feb, 2020
    Global presence:
    Singapore

Description

FOCUS

PRODUCTS & SERVICES:
Cignifi offers a credit score for unbanked customers using mobile data. The risk score modeling platform Maxymus evaluates the creditworthiness of individuals who have no credit history. The platform is integrated with banks and telecom providers to extract data and generate customers' risk scores.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Banks, lending institutions, utilities companies & credit card issuers.
EXISTING PARTNERSHIPS:
In March 2016, the company partnered with Equifax to enable credit scoring services to the unbanked population in Latin America. Other partners: Airtel, Globe, Telefonica, and IFC.
PRIMARY PROBLEM SOLVED:
Provides financial services to people with low-credit scores and the unbanked population in developing countries by using customers' mobile data.

PEOPLE

MEDICI analysts will analyze Cignifi soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$11.34 Millions
DATE OF LAST FUNDING:
Jul 2018
FUNDING SERIES:
SERIES A
$7.09 Millions Closed: Sep 2014
Others
$4.25 Millions Closed: Jul 2018
DEBT FUNDING:
$611 K
LISTED:
NO

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