# CredoLab Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/credolab-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.credolab.com
- Total disclosed funding: $7.3M
- Latest round: Series A (Dec 15, 2020)
- Investors on record: 6

## About

CredoLab Pte. Ltd. is a data analytics company specializing in risk scoring solutions based on behavioral data derived from smartphones, aimed at enhancing decision-making for financial institutions and fintech.Founded in 2015 in Singapore, CredoLab Pte. Ltd. provides innovative risk scoring services using behavioral data. The company has successfully completed five funding rounds, with its most recent Series A round in December 2020, raising USD 7 mn led by GB Group Plc and other investors. The company is headquartered in Singapore.Credolab offers a specialized data and analytics platform focusing on risk scoring, fraud detection insights, and marketing scores derived from smartphone data. Their services cater to financial institutions and fintech companies, helping them manage credit risk and enhance fraud detection processes. The platform is utilized by over 150 clients, including leading financial organizations across regions like Latin America and Southeast Asia, addressing the needs of underserved populations.In 2020, Credolab generated revenue of USD 1,235,729, with an EBITDA of USD -1,377,741, indicating the operational costs associated with developing their analytics platform and services.Following the Series A funding round completed in December 2020, in which CredoLab Pte. Ltd. raised USD 7 mn at a post-money valuation of USD 29 mn, the company plans to invest in the development of new products and expand its market presence. CredoLab is targeting growth in regions like Latin America and Southeast Asia over the next few years, utilizing the recent funding to enhance its service offerings and improve client engagement.

## Funding rounds

- Series A, Dec 15, 2020, $7M — Walden Catalyst, GB Group Plc, Access Ventures, Woodpecker Asia Tech Pte. Ltd., Gimel Tech Ventures
- Seed, Jan 1, 2016, $0.3M — Forum Capital

## Investors

- Forum Capital (https://capitalatlas.ai/funds/forum-capital) — Seed
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A
- GB Group Plc — Series A
- Access Ventures — Series A
- Woodpecker Asia Tech Pte. Ltd. — Series A
- Gimel Tech Ventures — Series A