RevolutionCredit, an Irvine, California-based financial capability and behavioral-credit insight company, received an investment of undisclosed amount.
Accion made the investment through Accion Venture Lab, a $10m initiative dedicated to providing seed capital and management support to financial inclusion startups.
Launched in 2012 by Zaydoon Munir, founder and CEO, RevolutionCredit provides an innovative consumer credit assessment solution, which uses behavioral analytics derived from gamified financial education, delivered at the point of transaction.
Its program provides customers with average, borderline or no credit score with tools to gain access to products and terms for which they might not otherwise have qualified. By voluntarily choosing to complete video and game-based financial capability tutorials and tests offered by their financial provider, they have the opportunity to demonstrate positive behavior outside of the formal financial system.