Credolab
CredoLab develops bank-grade digital scorecards for banks, lenders, pay later, e-commerce and ride-hailing players, and any other industry at the intersection of financial services. Built on over 22 million loan applicants across 70+ lending partners, our AI-based algorithm crunches millions of features from opt-in, anonymous smartphone and web behavioural metadata to find the most predictive behavioural patterns before converting them into credit scores. These enable any lender to make the most granular assessments possible of their applicants. Our clients have seen 20% higher new to bank customer approvals, a 15% reduction in non-performing loans, and a 22% dip in fraud rate. Established in Singapore in 2016, CredoLab has powered almost USD 2 Billion in loans issued after analyzing about 1 trillion data points across 20+ countries. We are backed by GBG, Walden International, Access Venture Capital, Fintonia Group and FORUM.
Location: Singapore