• FOUNDING YEAR: 2010
    LOCATION:
    Singapore
    REGION:
    Last Update:
    27 Jun, 2019
    Global presence:
    Singapore

Description

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:
Viewable by subscribers only
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.

PEOPLE

FOUNDERS:
Jeffrey Stewart, Richard Eldridge (CEO)
Board Members and Advisors:
Mark Mackenzie, Oscar Torres, Abhinav Haldia, Hong Samakkeenich, Pablo Castillon
NUMBER OF EMPLOYEES:
51-200
INVESTORS:
The Monetary Authority of Singapore, The Association of Banks, Life Sreda, Omidyar Network, iNovia Capital, Blumberg Capital, AT Capital Group, Lumia Capital
KEY EMPLOYEES:
Paolo Montessori (COO), Naveen Agnihotri (CTO), Florentin Lenoir (Chief Of Staff)

TRACTION

VALUATION / MARKET CAP:
$93.3 MM in 2015
ACTIVE USERS:
0.2500
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)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$14 Million
DATE OF LAST FUNDING:
Nov 2018
FUNDING SERIES:
SERIES A
$8 Millions Closed: May 2012
SERIES B
$6 Millions Closed: Oct 2015
COMMENTS
SERIES A : Cumulative funding indicated
PRIZE MONEY:
$109.16 K
LISTED:
NO

LATEST RESEARCH