CreditVidya

lending | credit scoring

Follow Send a private message

127 VISITORS | 197 VIEWS

FOUNDING YEAR: 2012

LOCATION:

India

REGION:

Maharashtra

Last Update:
17 Jan, 2020

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

PEOPLE

FOUNDERS:

RAJIV RAJ, Abhishek Agarwal

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:

TRANSACTIONS VALUE:

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:

$10 Million

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 Millions Closed: Jun 2016

SERIES B

$5 Millions Closed: Sep 2017

SERIES C

$3 Millions Closed: Jan 2019

LISTED:

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

EXIT STRATEGY

Viewable by subscribers only

MONTHS LEFT WITH CURRENT CASH BURN RATE

Viewable by subscribers only

MOST VIEWED RESEARCH

DOWNLOAD

RECENT RESEARCH

DOWNLOAD

CreditVidya

Description

FOCUS

PEOPLE

TRACTION

MOMENTUM

FOR INVESTORS

MOST VIEWED RESEARCH

RECENT RESEARCH

You have 2 complimentary company profiles this month.

Related companies