FPL offers a mobile-first platform that provides users with free access to their credit scores and reports from Experian and CIBIL, along with personalized insights to enhance their creditworthiness. By consolidating payment history and offering a Score Planner, FPL addresses the challenge of understanding and improving credit scores, enabling users to make informed financial decisions.
Funding
$28.5M 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.
Founders
Product
Problem
Many individuals find it challenging to understand and improve their credit scores due to fragmented financial data and a lack of personalized guidance. This lack of understanding can lead to missed opportunities for better loan terms and financial products.
Solution
OneScore is a mobile platform that provides users with free access to their credit scores and reports from Experian and CIBIL. The platform consolidates payment history and offers a Score Planner, providing personalized insights to enhance creditworthiness. By offering a comprehensive view of credit information and customized action plans, OneScore empowers users to make informed financial decisions and improve their credit health. The platform also offers instant personal loans through partnerships with lenders, providing access to funds based on creditworthiness.
Target Audience
The primary target audience includes individuals seeking to understand, monitor, and improve their credit scores, as well as those looking for access to personal loans.
Features
- Free access to Experian and CIBIL credit scores and reports
- Personalized insights and recommendations for credit score improvement
- Score Planner tool to set goals and track progress
- EMI calculator for planning loan repayments
- Payment reminders to avoid late payments
- "Find out why" feature to analyze factors affecting credit scores
- Simulator to explore strategies for improving credit scores
- Option to report inaccuracies in credit records
- Instant personal loans up to Rs 5 lakh with flexible EMI options (through partner lenders)