Truv, a Miami, FL-based provider of a consumer-permissioned data platform, acquired Credegraph, a Camas, Washington-based provider of a credit decisioning platform
The amount of the deal was not disclosed.
The enhancements created from this acquisition will be available to lenders through Truv’s financial accounts income and transactions products.
Credegraph is an alternative credit bureau dedicated to innovating in the credit reporting industry. Its consumer’s credit autograph provides a view of both ability-to-repay and creditworthiness. This allows lenders to verify income sources and schedules.
Led by CEO Kirill Klokov, Truv, formerly known as Citadel API, is consumer-permissioned data platform that enables financial organizations with access to financial data source available. Use cases supported by it include income and employment verification, employment history verification, paycheck-linked loans, verification of insurance, direct deposit switching, and earned wage access.
Truv & Credegraph layer over 2,200 different credit-specific attributes (FCRA compliant) on top of banking transaction data to deliver lending-specific insights.
FinSMEs
10/05/2023