This fintech startup utilizes a machine learning-based system to evaluate diverse data points, including banking history, income, and social media activity, to determine personalized credit limits for under-banked individuals. By providing tailored financial products, the company enhances access to essential financial services for those traditionally excluded from mainstream banking.
Funding
$31.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
MRASVTYFounders
Product
Problem
Many individuals, particularly those who are underbanked, face challenges in accessing credit due to limited or non-existent credit history and a lack of traditional financial documentation. Conventional credit scoring methods often fail to accurately assess the creditworthiness of these individuals, leading to their exclusion from essential financial services.
Solution
AND Global provides a machine learning-driven platform that analyzes a wide array of data points, including banking history, income, and alternative data sources, to generate personalized credit scores and facilitate access to financial services for underbanked populations. The platform's AI-powered credit scoring system enables lenders to make more informed decisions, extending credit to individuals who may be excluded by traditional scoring models. By leveraging advanced analytics and diverse data sets, AND Global aims to promote financial inclusion and empower individuals with tailored financial products. The company's solutions include a no-code AutoML platform (NIKO), a loan origination and management system (looms), and custom credit scoring solutions.
Target Audience
The primary target audience includes underbanked individuals seeking access to credit, as well as financial institutions and non-financial institutions looking to expand their reach and improve their credit risk management processes.
Features
- AI/ML-based credit scoring algorithms that analyze diverse data points beyond traditional credit history
- Automated machine learning platform (NIKO) for custom model development and deployment
- Loan origination and management system (looms) for streamlined lending processes
- Digital lending platform offering both term and revolving loan capabilities
- Mobile application for convenient and accessible loan applications
- Integration with local businesses and payment platforms for enhanced user experience
- Blockchain-based Over-the-Counter (OTC) trading platform for regulated securities
- Intelligent Document Processing (IDP) solution (Mindox) to streamline bank statement processing