Credit Vidya | Alternate Data Credit Scoring in India

Credit Vidya is an alternate credit scoring platform raises $2M in Series A funding round led by Kalaari Capital. The company was incorporated in 2012 and is based in Mumbai, India. The platform also offers underwriting tool analyze credit and debt, including credit score and loan eligibility in one place; provides them with un-biased recommendations on various debt optimization strategies. Platform offers credit risk analysis tool that provides trust score, verification services, fraud checks, and propensity models.

CreditVidya’s customers include Fullerton India, Bajaj Finserv, IDFC Bank, Tata Capital and Shriram Housing Finance etc. The company generates revenue by using its big data and advanced machine learning techniques to provide credit scores upon individuals to banking and financial institutions.

Big data platform leverages over 10,000-plus such unique digital data points to assess the creditworthiness of a potential borrower. Credit Vidya work very closely with our lending partners to develop customized scorecards for their product offering so that they can approve more credit worthy customers.

Apart from pulling data from traditional sources such as civil data, bank statement, and verification, we can also gather data from non-traditional ways such as shopping patterns, academic records, and online footprints.