Credit Kudos secures almost EUR 6 mln in Series A funding

Thursday 16 April 2020 13:41 CET | News

Credit Kudos, a UK-based fintech using open banking to provide accurate credit scoring, has raised almost EUR 6 million in Series A funding.

The round was led by AlbionVC, TriplePoint, Plug & Play Ventures, Ascension Ventures’ Fair by Design fund, and Entrepreneur First (EF).

According to TechCrunch, Credit Kudos enables lenders to make faster and more informed credit decisions by securely analysing bank account data via open banking. Therefore, by using open banking data provided by customers when they apply for credit, the fintech can create a more accurate picture of someone’s financial health and creditworthiness.

Recently, Credit Kudos has partnered with a number of credit intermediaries including ClearScore, CarFinance 247, and Mojo Mortgages. This is seeing customers use their bank data to secure offers across unsecured loans, car finance, and mortgages.

More: Link

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Keywords: Credit Kudos, Open Banking, UK, fintech, AlbionVC, TriplePoint, Plug&Play Ventures, Ascension Ventures’ Fair, Design fund, Entrepreneur First, lenders, data, ClearScore, CarFinance 247, Mojo Mortgages
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech