Nova Credit

lendingcredit scoring

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 19/01/2021

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About

People move. Credit history doesn't. Were changing that.

MEDICI Analysis

Nova Credit provides credit reports and data to business users. The company is a cross-border credit reporting agency that connects US lenders to international consumer credit data. It provides international consumer credit data captured from credit bureaus such as CRIF, Equifax, Experian, and Transunion. The platform also enables immigrants to transfer their credit history globally and helps lenders to access the credit history of any immigrant through a single API. Recently, Nova was selected for the 2019 Forbes FinTech 50 startups list.

Focus

PRODUCTS & SERVICES

The company platform helps lenders or others to provide international consumer credit data to acquire immigrant customers who do not have a strong domestic credit history. It also provides integration with the international credit databases to allow them to access through a single API.

MAIN CLIENTS

MPOWER Financing

First Advantage

TransUnion and Intellirent

EXISTING PARTNERSHIPS

Nova credit tie-ups with lenders and credit bureaus such as Experian

Equifax

and TransUnion. It also partners with the MPOWER (student loan platform)

Yardi (the property management software company)

and large financial institutions.

Traction

VALUATION / MARKET CAP:

$80 M in 2018

VALUATION COMMENT:

Third-party news sources reported that the company's valuation is at $80 million. (May 2018)

COMPANY TYPE:

For Profit

REVENUE

$5.0M - $9.99M in 2018

REVENUE COMMENT:

According to third-party data sources, the company's revenue was $5 million. in 2018.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

76,165

AVERAGE VISITS (6 MONTHS)

65,521.72

MONTHLY VISITS GROWTH

10%

VISIT DURATION

69

VISIT DURATION GROWTH

48.7%

PAGE VIEWS VISIT

1.45

PAGE VIEWS VISIT GROWTH

-14.12%

BOUNCE RATE

72.26%

BOUNCE RATE GROWTH

-7.42%

GLOBAL TRAFFIC RANK

437,880

MONTHLY RANK CHANGE

-113,121

MONTHLY RANK GROWTH

-20.53%

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