APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    CredoLab Bags $7 Million to Scale International Markets

    Along with its partnership with GBG, CredoLab teamed up with GoBear and fellow Finovate alum Mambu in June to help the financial platform expand to the Philippines.  

    CredoLab Bags $7 Million to Scale International Markets

    By

    Apac CIOOutlook | Friday, August 28, 2020

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    Along with its partnership with GBG, CredoLab teamed up with GoBear and fellow Finovate alum Mambu in June to help the financial platform expand to the Philippines.

    FREMONT, CA: CredoLab, a Singapore-based developer of bank-grade digital risk scorecards, raised $7 million in Series A financial round. The round was led by identity data intelligence firm GBG, a company that entered a technology partnership with CredoLab in June and is now taking a minority stake in the Singapore-based firm.

    Founded in 2016, CredoLab develops bank-grade digital scorecards built on mobile device data. Its pay-per-use solutions are available to banks, consumer finance companies, auto lenders, online and mobile lenders, insurance companies, and retailers. Using alternative data sources, the company enables financial institutions to achieve goals like financial inclusion, accurate credit scoring, and reach new customer segments.

    Through an app, CredoLab’s AI-based proprietary algorithm analyses over tens and thousands of data points from the smartphone device, converting this digital footprint of customers to highly predictive scorecards. The company has 63 clients in 19 countries. It is a venture built by FORUM and backed by Fintonia Group, and Walden International.

    CredoLab plans to use the additional capital to expand markets in Asia, Latin America, Europe, and Africa.

    GBG has also entered into a commercial partnership with CredoLab to boost its delivery of customer solutions by utilizing GBG’s Instinct digital risk management and intelligence platform. With GBG Instinct, banks, lenders, and mobile wallets can leverage an orchestration layer to perform multiple data callouts, including CredoLab’s cloud service.

    The previous month, CredoLab was highlighted by Fintechnews Singapore in its look at fintechs in SE Asia, making a difference when it comes to financial inclusion. This year, the company has also worked with LenDenClub, among the fastest-growing P2P lending platforms in India, and collaborated with Salary Dost, also based in India, to help the lending platform improve its underwriting process.

    More in News

    Harnessing Big Data Analytics to Enhance Business Strategies

    Harnessing Big Data Analytics to Enhance Business Strategies

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/credolab-bags-7-million-to-scale-international-markets-nwid-7708.html