Credolab offers a smartphone and web behavioral data platform. Its pay-per-use solutions help banks, digital lenders, and book now pay later (BNPL) players, insurance companies, and more. The company was founded in 2016 and is based in Singapore, Singapore.
CredoLab's Product Videos
ESPs containing CredoLab
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The account takeover (ATO) protection market is focused on solutions that prevent malicious actors from gaining unauthorized access to user accounts. Bad actors often gain control through various methods like phishing, credential stuffing, and social engineering. Key aspects include continuous monitoring, integration with security ecosystems, and device identification. Other cybersecurity measures…
CredoLab's Products & Differentiators
Alternative Risk Scores
A risk evaluation solution for credit risk management teams based on privacy-consented, permissioned and anonymous smartphone and web metadata. Assess risky applicants and their probability to default in real-time by complementing your traditional data with behavioural insights and scores.
Expert Collections containing CredoLab
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
CredoLab is included in 3 Expert Collections, including Digital Lending.
This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Excludes US-based companies
Latest CredoLab News
Sep 21, 2023
By Gloria Mathias Share Credolab has partnered with Círculo de Crédito to promote financial inclusion in Mexico by providing credit, risk, and fraud scoring solutions. Credolab uses machine learning algorithms to detect more than 10 million behavioural patterns, such as battery usage and the most frequently downloaded app category. So far, this has made credit and financial institutions accessible to over 20 million Mexicans, to make 200 million credit decisions. The company’s toolkit is already in use for over 200 corporate clients across 9 verticals in 38 markets, who have seen results like a 22% drop in fraud costs and up to a 32% increase in approval rate. Círculo de Crédito will exclusively offer Credolab’s Digital Behaviour Analysis Solution through its API marketplace. This solution includes behavioural insights about risk and fraud, available for over 3,500 B2B clients, including banks, retailers, and FinTechs. With Credolab’s SDK, Círculo de Crédito can deliver to their B2B client’s stronger predictive power, improving the risk and fraud assessment of any borrower’s likelihood to default, even thin-files, gig-economy workers, millennials, small businesses and unbanked. Peter Barcak, CEO of credolab, commented, “The lack of predictive data is still one of the main pain points of any financial institution. What we do at Credolab is help to make proper decisions and generate highly accurate risk portraits for previously ignored potential borrowers by using a previously untapped source of new data – the smartphone. Partnership with Círculo de Crédito allows us to promote a greater scope of financial inclusion in Mexico by helping lenders understand their clients better.” Juan Manuel Ruiz Palmieri, CEO Círculo de Crédito shared, “Being the most innovative Credit Bureau in LATAM, our primary objective is to promote financial well-being and foster trust between lenders and their beneficiaries. By partnering with Credolab, we are able to extend our assistance to more companies and individuals, empowering them to understand crucial financial information, which in turn will help them achieve their economic and financial goals.” Previous Article Digital monthly issue Global coverage
CredoLab Frequently Asked Questions (FAQ)
When was CredoLab founded?
CredoLab was founded in 2016.
Where is CredoLab's headquarters?
CredoLab's headquarters is located at 12-01 Capital Tower, Singapore.
What is CredoLab's latest funding round?
CredoLab's latest funding round is Series A.
How much did CredoLab raise?
CredoLab raised a total of $9.22M.
Who are the investors of CredoLab?
Investors of CredoLab include GB Group, Enterprise Singapore, Monetary Authority of Singapore, Ping An Cloud Accelerator, Plug and Play APAC and 6 more.
Who are CredoLab's competitors?
Competitors of CredoLab include SEON Technologies, Fairtile, Trusting Social, Bizbaz, FinBox and 7 more.
What products does CredoLab offer?
CredoLab's products include Alternative Risk Scores and 4 more.
Who are CredoLab's customers?
Customers of CredoLab include Tonik Bank, FairMoney, Lucky and AgiBank.
Compare CredoLab to Competitors
Eureka develops an artificial intelligence (AI) based omni-market and financial intelligence platform. It allows users to analyze, sort, and review information. It serves companies in industries including banking, insurance, transportation, and consumer goods. The company was founded in 2016 and is based in Singapore, Singapore.
Jeff App provides a comparison platform for consumer loans. It offers personal loan assistant services that allow users to compare multiple loan products such as personal loans, home loans, education loans, auto financing, and more. It was founded in 2019 and is based in Riga, Latvia.
Juris Technologies is a fintech company that specializes in providing enterprise-class software solutions. The company's main offerings include artificial intelligence, conversational chatbots, digital customer onboarding, loan origination, credit scoring, loan documentation, litigation, and debt collections. These services primarily cater to banks, financial institutions, and telecommunications companies. It was founded in 1997 and is based in Kuala Lumpur, Malaysia.
Trusting Social provides consumer credit scores based on social, web, and mobile data. The company helps lenders in emerging markets to offer consumers with poor credit access to financing and loans. Trusting Social was founded in 2013 and is based in Singapore, Singapore. In February 2023, Trusting Social was acquired by Cong Ty Tnhh Sherpa.
DataRobot operates as an artificial intelligence (AI) lifecycle platform with ecosystem integrations. It offers solutions such as augmented intelligence, data engineering, machine learning, artificial intelligence, and more and serves the banking, healthcare, retail, manufacturing, and public sectors. The company was founded in 2012 and is based in Boston, Massachusetts.
IBM Research is a corporate research lab. It focuses on the areas of artificial intelligence (AI), quantum computing, security, semiconductors, and more. It was founded in 1945 and is based in Armonk, New York.