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24 Startups in the Credit Bureau Space Poised to Make it Big in 2021

Credit bureaus record and retain a multitude of data from bureaus. This data is used to analyze default rates, financial risk, and the working of scoring models among other financial nuggets. Notable credit bureaus cover legislation such as the Fair Credit Reporting Act (FCRA) which ensures that companies act within the bounds of the law. The credit industry is a highly lucrative one, and constitutes a major chunk of the Wall Street. The leading 4 companies of the Credit Bureaus dominate a whopping 95 percent share of revenue. And the trend is only going this way.

Realizing the possibilities of taking on this big pie, many companies are now vying to be there. Some of the big names in the credit industry today (bigger is better) are Equifax, Experian, TransUnion, and Experian. Other than these 4 names, there are many startups which are coming up and are very promising in their field. Making a mark in this industry will not be difficult, provided the startups fulfill their goals and promises.

The Vision with 24 Startups in the Credit Industry space

The 24 startups under the Credit Bureaus umbrella have been picked based on several parameters such as progress in the peer marketplace and indexed on several factors like their Crowdfunding investments, amount of users, overall progress, and the overall promise of the startup itself. This has been done with several inputs from the Angels and VCs in the space and the general consensus comes below. So, without further ado, here are the players to watch out for in the Credit Bureaus space.


1. Nova Credit

The idea behind this startup: Nova Credit is the premier cross-border credit reporting agency.

Headquarters: San Francisco, California, United States

Industries: Consumer, Credit, Credit Bureau, Data Integration, Financial Services, FinTech, Information Technology

Founders: Loek Janssen, Misha Esipov, Nicky Goulimis

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2. MK Decision

The idea behind this startup: MK Decision’s mission is to help community financial institutions thrive by receiving more deposits and more loans.

Headquarters: San Diego, California, United States

Industries: Banking, Credit, Credit Bureau, Credit Cards, Financial Services, FinTech, Lending, Risk Management, Web Apps

Founders: Guru Dharam Khalsa, Har Rai Khalsa

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3. Credit Kudos

The idea behind this startup: Credit Kudos is a credit bureau that uses financial behaviour and data through open banking to measure creditworthiness.

Headquarters: London, England, United Kingdom

Industries: Credit Bureau, Financial Services, FinTech

Founders: Freddy Kelly, Matt Schofield

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4. Naborly

The idea behind this startup: AI-powered credit reporting, scoring, and financial services for landlords and tenants.

Headquarters: San Francisco, California, United States

Industries: Artificial Intelligence, Credit Bureau, FinTech, Real Estate, Rental Property

Founders: Dylan Lenz

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5. Finclude

The idea behind this startup: Financial well being reinvented! Enabling fair access to credit!

Headquarters: Dublin, Dublin, Ireland

Industries: Consumer Lending, Credit, Credit Bureau, Financial Services, FinTech, Risk Management

Founders: Ioanna Stanegloudi, Yiannis Giokas

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6. Kreditz

The idea behind this startup: Kreditz real-time credit score based on bank transaction data from the past 12 months.

Headquarters: Stockholm, Stockholms Lan, Sweden

Industries: Apps, Consumer Lending, Credit Bureau, FinTech, Lending, Mobile

Founders: Roni Zacharion (né Bicér)

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7. Korea Credit Data

The idea behind this startup: The company provides business management software(CashNote) to small and medium-sized businesses in Korean and Japan.

Headquarters: Seoul, Seoul-t’ukpyolsi, South Korea

Industries: Big Data, Business Intelligence, Consumer Reviews, Credit Bureau, Financial Services, Information Technology, Management Information Systems, Small and Medium Businesses, Software

Founders: Kelvin Dongho Kim

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8. Micromoney International

The idea behind this startup: We provide a multi-purpose digital identity and opportunities to build creditworthiness and reputation for 2.5 bln unbanked people.

Headquarters: Mahé, Beau Vallon, Seychelles

Industries: Bitcoin, Credit Bureau, Financial Services, FinTech, Identity Management, Lending

Founders: Anton Dzyatkovskiy, Nagata Tetsuji, Oknha Sorn Sokna, Sai Hnin Aung

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9. maroon.ai

The idea behind this startup: Maroon is an enterprise credit risk and sales enablement platform

Headquarters: Philadelphia, Pennsylvania, United States

Industries: Analytics, Business Intelligence, Credit Bureau, SaaS

Founders: Ankit Sharma, Mehul Dhikonia

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10. roaring.io

The idea behind this startup: API services for person and company information

Headquarters: Stockholm, Stockholms Lan, Sweden

Industries: Big Data, Credit Bureau, Data Integration, Database, Developer APIs, Predictive Analytics, Text Analytics

Founders: Andreas Silén, Johan Jensen, Pål Ljungberger

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11. Zingo

The idea behind this startup: Zingo is a technology company that specializes in aggregating and furnishing consumer credit data.

Headquarters: Portland, Oregon, United States

Industries: Consumer Software, Credit Bureau, FinTech, Internet

Founders: Marco Buhlmann, Sean McMahon

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12. Gembex

The idea behind this startup: Intelligence financial marketplace

Headquarters: Tallinn, Harjumaa, Estonia

Industries: Blockchain, Credit Bureau, Financial Services, FinTech, Marketplace

Founders: Unknown

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13. Finscore

The idea behind this startup: Helps first-time borrowers to get access to credit and banks and FIs get more data & insights through smart credit scoring

Headquarters: Manila, Manila, Philippines

Industries: Analytics, Big Data, Credit, Credit Bureau, FinTech, Predictive Analytics

Founders: `Diana Krumova

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14. Kaoun

The idea behind this startup: Kaoun is a company that uses distributed ledger technologies and data science to change the payments and credits landscape of the MEA region

Headquarters: Tunis, Tunis, Tunisia

Industries: Blockchain, Credit Bureau, Cryptocurrency, FinTech, Mobile Payments

Founders: Anis Kallel, Nebras Jemel, Rostom Bouazizi

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15. VerumView

The idea behind this startup: A revolutionary Real-time KYC-tool has been designed to create a unique data source for online service.

Headquarters: Netanya, HaMerkaz, Israel

Industries: Credit Bureau, Financial Services, FinTech, Fraud Detection, Risk Management

Founders: Dmitriy Daron, Jonathan Pazi

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16. Scoriff

The idea behind this startup: Scoriff protects businesses against credit losses and late payments

Headquarters: Tallinn, Harjumaa, Estonia

Industries: Artificial Intelligence, Credit Bureau, FinTech, Machine Learning, Semantic Web

Founders: Peep Küngas

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17. CrePASS Solutions

The idea behind this startup: Peer-to-Peer Financial Integration Platform

Headquarters: Seoul, Seoul-t’ukpyolsi, South Korea

Industries: Consumer Lending, Credit Bureau, Financial Services, FinTech, Peer to Peer

Founders: Unknown

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18. CreditMonk

The idea behind this startup: CreditMonk A crowd sourced, user review based, transparent process for checking & giving feedback on a company’s payment habit and history.

Headquarters: Mumbai, Maharashtra, India

Industries: Consumer Reviews, Credit, Credit Bureau, Financial Services, FinTech, Information Technology, Retail Technology

Founders: Ridhi Doongursee

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19. Credit Hydra

The idea behind this startup: Protocol to Create a decentralized credit bureau on blockchain

Headquarters: Newark, California, United States

Industries: Banking, Bitcoin, Blockchain, Credit, Credit Bureau, Cryptocurrency, Ethereum, FinTech, Identity Management, Personal Finance, Virtual Currency

Founders: Abhishek Agarwal, Ko Ohashi

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20. moyoAI

The idea behind this startup:  moyoAI helps financial institutions to assess and trust the underserved and unbanked population, through an end-to-end solution. Alternative Credit Score + Biometric-Based Identity Validation (eKYC) + Fraud Prevention (AML)

Headquarters: Mexico City, Mexico

Industries: Artificial Intelligence, Big Data, Credit Bureau, Psychometric credit score, Finance, FinTech, Machine Learning, Biometric identification, KYC, Fraud Prevention, AML

Founders: Carlos Lopez, Yogesh Mariwalla

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21. RateShop Inc.

The idea behind this startup: Fintech, Mortgage Brokerage, Registered Deposit Broker, Lending Administrator, Credit Card, Credit Bureau

Headquarters: Mississauga, Ontario, Canada

Industries: Auto Insurance, Banking, Commercial Insurance, Credit Bureau, Credit Cards, Financial Services, FinTech, Life Insurance, Property Insurance, Real Estate Investment

Founders: Unknown

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22. Audsat

The idea behind this startup: Audsat offers credit risk mitigation for rural property owners.

Headquarters: São Paulo, Sao Paulo, Brazil

Industries: Agriculture, Credit Bureau, Geospatial, Risk Management, Satellite Communication

Founders: Unknown

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23. Thrive Network

The idea behind this startup: Blockchain, Credit, Data

Headquarters: Unknown

Industries: Big Data, Blockchain, Credit, Credit Bureau

Founders: Kevin Kong

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24. Canonical Credit

The idea behind this startup: Canonical is rebuilding the global credit system on the blockchain

Headquarters: Unknown

Industries: Credit, Credit Bureau, Cryptocurrency

Founders: Austin Bourdier, David Kuchar, Jonathan Gillon, Malcolm Garland, Ronald Mannak

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Image by Gerd Altmann from Pixabay

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