Lenddo

lendingcredit scoring

FOUNDING YEAR: 2011
LOCATION:
Last Update: 05/07/2020

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About

Lenddo offers an AI ML-based alternative credit scoring platform for individuals, banks, and lending institutions, enabling them to avail credit scoring and verification services. It collects, analyzes, and processes the users' non-traditional data to generate their Lenddo score. Its product offerings include: 1. Credit Scoring: The LenddoScore: It leverages AI and predictive analytics to determine the users "willingness to pay". Its scale lies between 1 to 1000, where higher scores represent lower chances of default. 2. Lenddo Verification: It helps the clients' to verify the information of the applicants and run a background check on them.

Focus

PRODUCTS & SERVICES

Its product offerings include: 1. Credit Scoring: The LenddoScore: It leverages AI and predictive analytics to determine the users "willingness to pay". Its scale lies between 1 to 1000, where higher scores represent lower chances of default. 2. Lenddo Verification: It helps the clients' to verify the information of the applicants and run a background check on them. Additionally, it also provides the following services: - Scorecard Model Hosting: These are the risk models, that helps customers to improve their current scorecard performance. It includes the parameters like application information, credit bureau reports, banking data including balances and transactions, telecommunications data including call logs, and their purchasing behavior. - Scorecard Design Consulting: It is a module that helps in the designing and automating of the scorecard. - Semi-Annual Scorecard Review: It provides users with the semi-annual review of their scorecard that enables them to monitor and verify their performance.

REVENUE MODEL

The company earns commissions from the banks & FIs by providing credit scores.

MAIN CLIENTS

i-Lend

FICO

CRIF

COMMENT

Lenddo uses customers' social networks such as Facebook, Linkedin, Google, Yahoo, and Twitter to prove their identity and creditworthiness.

Traction

VALUATION / MARKET CAP:

$93.3 M in 2015

ACTIVE USERS:

0.2500

TRACTION COMMENT:

The company has won First prize (SG$150,000) in Singapore fintech award 2018. It provides credit scoring, verification and insights to 50+ financial institutions, serving over 7 million people. (Nov. 2018)

People

FOUNDERS

Richard Eldridge

Jeff Stewart

BOARD MEMBERS AND ADVISORS

Mark Mackenzie

Oscar Torres

Abhinav Haldia

Hong Samakkeenich

Pablo Castillon

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Accel

Accel

AT Capital Group

Blumberg Capital

Compound

Compound

Golden Gate

Golden Gate

iNovia Capital

iNovia Capital

iNovia Capital

Life Sreda

Lumia Capital

OMIDYAR NETWORK

OMIDYAR NETWORK

OMIDYAR NETWORK

The Association of Banks

The Monetary Authority of Singapore

KEY EMPLOYEES:

Paolo Montessori (COO)

Naveen Agnihotri (CTO)

Florentin Lenoir (Chief Of Staff)

Momentum

FUNDED

YES

TOTAL FUNDING

$14 M

DATE OF LAST FUNDING

Oct 2015

FUNDING SERIES

SERIES A  · $8 M  · May 2012

SERIES B  · $6 M  · Oct 2015

PRIZE MONEY

$109.16 K

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2011

LOCATION:

Views:

708 VISITORS | 1891 VIEWS
LATEST FUNDING ROUND

$14 M

TOTAL EMPLOYEES
51-200

About

Lenddo offers an AI ML-based alternative credit scoring platform for individuals, banks, and lending institutions, enabling them to avail credit scoring and verification services. It collects, analyzes, and processes the users' non-traditional data to generate their Lenddo score. Its product offerings include: 1. Credit Scoring: The LenddoScore: It leverages AI and predictive analytics to determine the users "willingness to pay". Its scale lies between 1 to 1000, where higher scores represent lower chances of default. 2. Lenddo Verification: It helps the clients' to verify the information of the applicants and run a background check on them.

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Innovation Programs

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