CreditVidya

CreditVidya

lending | credit scoring
website linkedin address
  • FOUNDING YEAR: 2012
    LOCATION:
    India
    REGION:
    Maharashtra
    Last Update:
    18 Oct, 2019
    Company priority:
    We're on to something big this year!

Description

CreditVidya has developed a mobile application, TrustScore, which determines a person's credit worthiness based on social media presence. The company uses non-traditional data sources such as the mobile phone recharge pattern of an individual, utility bill payments, e-commerce purchase behaviour etc. to provide a credit score for individuals who do not have a traditional credit score.
CreditVidya is an alternate data credit scoring company. It uses over 10,000+ data points coupled with advanced machine learning algorithms to estimate probability of default.

FOCUS


PRODUCTS & SERVICES:
Score Builder, EMI Saver, Credit Planner for individuals and financial fitness workshops for corporations. It educates customers about managing and monitoring credit part of their personal financial planning and allows them to take well informed decisions.
MAIN CLIENTS:
Induslnd bank, DBS, RBL Bank, HDFC Life, Axis Bank, Tata capital, Icici bank, Tvs credit, Bajaj Finserv, Incred
EXISTING PARTNERSHIPS:
Score Builder - Rs. 9,999, EMI Saver - Rs. 3,999, Credit Planner - Rs. 1,999
COMMENT
Provides opportunity to customers to get the right credit product at a cheaper rate by providing bank level analytics so that they can understand how banks are evaluating their profile based on CIBIL data and application information.
PRODUCTS & SERVICES:
Profile: Predictive behaviors basis un-structured data of customers. ID-ME: Verification service that confirms an individuals identity in real-time. TRUST-SCORE: Risk score basis alternate data.
REVENUE MODEL:
Viewable by subscribers only
TOP PROBLEM SOLVED:
Risk underwriting and fraud prevention platform for new-to-credit customers.
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
KEY DIFFERENTIATORS
Viewable by subscribers only
PRIMARY CUSTOMER TYPE
Viewable by subscribers only
PRODUCT ATTRIBUTES
Viewable by subscribers only
STRATEGIC CLIENTS AND PARTNERSHIP
Viewable by subscribers only

PEOPLE


FOUNDERS:
ABHISHEK AGARWAL, RAJIV RAJ
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
Kalaari Capital, Matrix Partners
FOUNDERS:
Abhishek Agarwal
NUMBER OF EMPLOYEES:
51-200
KEY EMPLOYEES:
CEO: Abhishek Agarwal
CTO: Srikanth Gaddam
TEAM COMMENT:
Viewable by subscribers only
ADVISORS:
Sid Parkeh

TRACTION


ACTIVE USERS:
5 million Million in 2017
ACTIVE USERS COMMENT:
Company has 5 million unique customers (Sept 2017)
ANNUAL REVENUE:
$0 - $99k in 2015
NUMBER OF TRANSACTIONS:
1
TRANSACTIONS VALUE:
$1
ACTIVE USERS/ACCOUNTS:
N/A
LIVE USERS/TRANSACTIONS:
Viewable by subscribers only
How will you grow the number of users/accounts/transactions?
B2B partnerships

MOMENTUM


FUNDED:
YES
TOTAL FUNDING:
$7 Millions
DATE OF LAST FUNDING:
Sep 2017
TOTAL FUNDING COMMENT:
The new funds will be used to add a wide range of fraud verification services and risk assessment means to its existing big data underwriting platform. The funds will also be used to further improve AI-based algorithms that use over 10,000 data points for risk assessment.
FUNDING SERIES:
SERIES A
$2 Millions Closed: Jun 2016
SERIES B
$5 Millions Closed: Sep 2017
LISTED:
NO
FUNDING COMPLETED:
Viewable by subscribers only
FUNDED:
YES
TOTAL FUNDING:
$2 Millions
LISTED:
Viewable by subscribers only
FUNDING SERIES:
Series A
Apr 2016
$2 Millions
at a $1 valuation
Comment on Series A
Viewable by subscribers only

FOR INVESTORS

FUNDING NEEDED
$1
EXIT STRATEGY
Viewable by subscribers only
MONTHS LEFT WITH CURRENT CASH BURN RATE
Viewable by subscribers only

LATEST RESEARCH


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