MyProved provides a consent‑driven credit rating service that connects to a user’s bank via Open‑Banking APIs, extracts up to twelve months of transaction data and applies a proprietary algorithm to generate a default‑risk score. The resulting PDF report can be downloaded for €10 and shared with landlords, agents or other businesses, while raw data remains encrypted and never leaves the user’s control.
Funding
Funding not disclosed
Founders
Product
Problem
Tenants and prospective customers often lack a verifiable, objective credit rating, making it difficult for landlords, leasing agents, and businesses to assess payment‑default risk. Existing credit checks can be slow, rely on third‑party data brokers, and raise privacy concerns.
Solution
MyProved offers a consent‑driven, single‑click assessment that connects directly to a user’s bank account via secure Open‑Banking APIs. The platform extracts transaction data from up to twelve months, processes more than 700 variables through a proprietary algorithm, and produces an objective credit rating that predicts default risk. Results are delivered as a clear, downloadable PDF report, and MyProved acts as a trusted third party, ensuring that raw banking data never leaves the user’s control and is protected with state‑of‑the‑art encryption. The service is available instantly online and supports multiple languages for a pan‑European audience.
Target Audience
Primary users are tenants and individuals who need to demonstrate financial reliability, and professional customers such as landlords, letting agents, and businesses (e.g., leasing, telecom, energy providers) that evaluate prospective customers’ creditworthiness.
Features
- Consent‑based Open‑Banking connection that pulls transaction data securely without storing raw data.
- Proprietary algorithmic scoring model using >700 derived variables to generate a credit rating and default‑risk prediction.
- Instant generation of a standardized PDF report (available for a €10 download) that can be shared with landlords or business partners.
- Trusted‑third‑party architecture that aggregates data for reporting while keeping individual records anonymized and encrypted.
- Multi‑language web portal (English, French, Dutch, etc.) for self‑service assessments and business‑side request workflows.
- Compliance with GDPR and industry‑standard security protocols, including end‑to‑end encryption and role‑based access controls.