Photo - ConfirmU
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ConfirmU

Credit risk scoring using psychometric data

United Kingdom
Market: Financial services
Stage of the project: Operating business

Date of last change: 21.04.2021
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Idea

Solving the issue of how consumers access the credit facilities they need when they have not had credit before.
Credit risk scoring using psychometric data, gathered in a gamified way, mapped to repayment history to produce a forward looking prediction of likelihood to default.
ConfirmU's methodology can credit risk assess anyone, regardless of age, location or past performance whilst opening up $2 tn in commerce for lenders globally

Current Status

Product delivered. Clients engaged. Revenues generated and moving to MRR

Problem or Opportunity

Solving the issue of how consumers access the credit facilities they need when they have not had credit before.
Credit risk scoring using psychometric data, gathered in a gamified way, mapped to repayment history to produce a forward looking prediction of likelihood to default.
ConfirmU's methodology can credit risk assess anyone, regardless of age, location or past performance whilst opening up $2 tn in commerce for lenders globally

Solution (product or service)

Use of psychometric data opens up lending to financially excluded consumers whilst enabling lenders to access additional revenues from paying customers who they previously would have rejected

Competitors

Other alternative data providers but no organisation creating data for credit risk, engaging direct with the consumer and seeking explicit consent

Advantages or differentiators

Data used is unique
Leveraging repayment history to build a barrier to entry against competitors

Money will be spent on

Marketing and got to market strategy

Team or Management

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
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Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
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Incubation/Acceleration programs accomplishment
Won the competition and other awards
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