CreditVidya

lendingcredit scoring

FOUNDING YEAR: 2012
LOCATION: India
Last Update: 17/07/2020

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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.

MEDICI Analysis

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:

Bharat Innovation Fund

Kalaari Capital

Matrix Partners

Navroz D. Udwadia

Rick Gerson

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

BASICS

FOUNDING YEAR:

2012

LOCATION:

India

Views:

170 VISITORS | 254 VIEWS
LATEST FUNDING ROUND

$10 M

TOTAL EMPLOYEES
51-200

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

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+
Other+

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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

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 funded