DirectID, an Edinburgh, UK-based fintech company specializing in credit risk, risk analytics and predictive modelling using bank transaction data, raised €9M in funding.
The round was led by Ingka Investments.
The company intends to use the funds to accelerate the market launch of the predictive models for credit & risk, built from open banking data, expand its credit risk offering into new markets and accelerate the development of models for each stage of the credit life cycle, from originations through portfolio management to collections.
Led by James Varga, CEO and Founder, DirectID provides a credit & risk platform for risk managers. The company offers open banking data and predictive models for smarter credit & risk decisions. With it, decision makers can access real-time data to optimize credit risk decisioning. Its advanced insights for affordability, income verification, financial distress, and more, are available through a single connection.
FinSMEs
23/02/2023