CreditVidya
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About
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.
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.
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.
REVENUE MODEL
B2B - Transaction basis (APIs)
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
PRIMARY PROBLEM SOLVED
Risk underwriting and fraud prevention platform for new-to-credit customers.
INTELLECTUAL PROPERTY
Patent(s) NOT_FILED
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.
Traction
REVENUE
$0 - $99k
NUMBER OF TRANSACTIONS:
1.00
TRANSACTIONS VALUE:
1.00
ACTIVE USERS:
5 million Million in 2017
ACTIVE USERS COMMENT:
Company has 5 million unique customers (Sept 2017)
People
FOUNDERS
RAJIV RAJ
BOARD MEMBERS AND ADVISORS
Sid Parkeh
NUMBER OF EMPLOYEES
51-200
INVESTORS:
COMMENT:
asd
Momentum
FUNDED
YES
TOTAL FUNDING
$10 M
DATE OF LAST FUNDING
Jan 2019
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 M · Jun 2016
SERIES B · $5 M · Sep 2017
SERIES C · $3 M · Jan 2019
LISTED
NO
For Investors
FUNDING NEEDED:
$1.00
EXIT STRATEGY
asd
MONTHS LEFT WITH CURRENT CASH BURN RATE:
1 months from 29 Mar, 2017
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FOUNDING YEAR:
LOCATION:
Views:
$10 M
About
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.
CreditVidya
About
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
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
B2B - Transaction basis (APIs)
TOP PROBLEM SOLVED
Risk underwriting and fraud prevention platform for new-to-credit customers.
INTELLECTUAL PROPERTY
Patent(s) not Filed
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
KEY DIFFERENTIATORS
Technology and Data Analytics platform that processes un-structured data into actionable insights.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
PRODUCT ATTRIBUTES
SaaS
On-premises
STRATEGIC CLIENTS AND PARTNERSHIP
Fullerton : B2B client
People
FOUNDERS
RAJIV RAJ
NUMBER OF EMPLOYEES
51-200
KEY EMPLOYEES:
CTO: Srikanth Gaddam
FOUNDER: RAJIV RAJ
TEAM COMMENT:
asd
BOARD MEMBERS AND ADVISORS:
Sid Parkeh
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING:
$2 M
LISTED
NO
FUNDING SERIES
Series A --- Apr 2016 --- USD2 M at a USD1.00valuation Comment on Series A Kalaari fundedSubscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!
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.
Focus+Momentum+Traction+People+For Investors+
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CreditVidya
About
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
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
B2B - Transaction basis (APIs)
TOP PROBLEM SOLVED
Risk underwriting and fraud prevention platform for new-to-credit customers.
PRODUCT DEVELOPMENT STAGE
V2.0 or BEYOND
KEY DIFFERENTIATORS
Technology and Data Analytics platform that processes un-structured data into actionable insights.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
PRODUCT ATTRIBUTES
SaaS
On-premises
STRATEGIC CLIENTS AND PARTNERSHIP
Fullerton : B2B client
People
FOUNDERS
RAJIV RAJ
NUMBER OF EMPLOYEES
51-200
KEY EMPLOYEES:
CTO: Srikanth Gaddam
FOUNDER: RAJIV RAJ
TEAM COMMENT:
asd
BOARD MEMBERS AND ADVISORS:
Sid Parkeh
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING:
$2 M
LISTED
NO