About
CredoLab provides alternative credit scores using consented smartphone metadata (50K+ data points per user). Serves 49 financial institutions across 14 countries with 10M+ loan applicants processed. Raised $7M Series A led by GBG. Expanding into Latin America, Africa, and India. Clients report 48% more approvals with 39% less risk. Key customers include Sun Finance and CrediOrbe (Colombia's largest 2-wheeler lender).
Key Facts
- [1]Funding: Total funding: $10M. Last round: Aug 2020. Stage: Early Stage.
- [2]Customers: Key customers include Sun Finance, CrediOrbe, GBG.
- [3]Employees: Employee count: 11-50.
- [4]Website: Official website: credolab.com.
- [5]AI Technology: Core AI/ML technologies: Predictive ML.
- [6]Region: Region: APAC (Singapore).
Founders
Peter Barcak
Co-founder & CEO
Adrian Chng
Co-founder
Michele Tucci
Co-founder
Key Customers & Partners
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is CredoLab?
CredoLab provides alternative credit scores using consented smartphone metadata (50K+ data points per user). Serves 49 financial institutions across 14 countries with 10M+ loan applicants processed. Raised $7M Series A led by GBG. Expanding into Latin America, Africa, and India. Clients report 48% more approvals with 39% less risk. Key customers include Sun Finance and CrediOrbe (Colombia's largest 2-wheeler lender). CredoLab is classified in the Lending & Credit segment at the Models layer of the financial AI stack.
Who founded CredoLab?
CredoLab was founded by Peter Barcak (Co-founder & CEO), Adrian Chng (Co-founder), and Michele Tucci (Co-founder).
How much funding has CredoLab raised?
CredoLab has raised $10M in total funding, placing the company at the Early Stage stage. The most recent round closed in Aug 2020. Among 81 funded Lending & Credit companies, CredoLab ranks #73 by total capital raised. (Source: AIFI Map directory.)
What AI technology does CredoLab use?
CredoLab primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does CredoLab operate in?
CredoLab operates in the Lending & Credit market segment. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets.
Where is CredoLab headquartered?
CredoLab is headquartered in Singapore, Singapore. The company operates in the APAC region. The team consists of 11-50 employees. Singapore is home to 8 financial AI companies tracked by AIFI Map.
Who are CredoLab's competitors?
Companies similar to CredoLab in the Lending & Credit space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does CredoLab offer?
CredoLab builds models-layer solutions for the financial services industry. The company's core offering: Alternative credit scoring using smartphone data. The platform is powered by Predictive ML technology. Notable users include Sun Finance, CrediOrbe, GBG.