Credolab

Singapore Business Review - - SINGAPORE’S HOTTEST STARTUPS 2018 -

Founders: Pe­ter Bar­cak

Fund­ing: Raised over US$1M fol­low­ing an over­sub­scribed pre-se­ries A round led by Fin­to­nia Group with ad­di­tional par­tic­i­pa­tion from a group of Asian in­sti­tu­tional in­vestors. Start of op­er­a­tions: 2016

Credolab’s app pro­vides highly pre­dic­tive credit scor­ing so­lu­tions for con­sumer lenders based on mo­bile phone data. It re­spects cus­tomer pri­vacy by ob­tain­ing meta­data with full cus­tomer con­sent and guar­an­teed data anonymity. Credolab ex­tracts a unique and anony­mous dig­i­tal foot­print from the user’s mo­bile phone which is then turned into pre­dic­tive credit score­cards. The credit pro­files can then be shown to lenders should the time come that the user will re­quire a loan.

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