CREPASS
Latest round
- Series A
Last raised
- Oct 2020
Total raised
- $1.3M
Investors
- 8
About CREPASS
CREPASS was founded in 2015 and operates from its headquarters in Seoul, South Korea. The company focuses on providing credit evaluation services aimed at individuals with limited financial transaction histories., Ltd. The company has completed seven deals to date.CREPASS specializes in alternative credit evaluation services, utilizing big data analytics to assess individual creditworthiness through non-financial digital data, such as purchasing history and communication records. This approach enables the company to provide comprehensive credit assessments for thin filers—applicants who lack extensive financial transaction records—and for individuals with similar credit histories. By offering these evaluations, CREPASS aims to connect trustworthy customers to financial institutions while providing improved financial opportunities for thin filers. The company serves clients across various sectors, including financial institutions looking to identify reliable borrowers.CREPASS generates revenue through partnerships and collaborations with financial institutions that utilize its alternative credit assessment services. These transactions are structured around service agreements where financial entities engage CREPASS to evaluate potential borrowers based on the big data analytics insights provided. This B2B model allows financial institutions to identify creditworthy applicants more efficiently, thus broadening their customer base. Specific pricing plans for services have not been disclosed; however, the company’s flagship service revolves around its big data-driven credit evaluations that facilitate better lending decisions for financial partners.CREPASS is focused on expanding its product offerings and geographic reach. The company is actively designing new products for release in upcoming quarters, although specific details and timelines have not been disclosed. In addition to its established presence in South Korea, CREPASS plans to penetrate additional Southeast Asian markets by 2023, aiming to enhance credit access for underserved populations.
Who invested in CREPASS
8 investors across 3 rounds
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Questions about CREPASS
Who invested in CREPASS?
CREPASS has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has CREPASS raised?
CREPASS has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did CREPASS last raise money?
CREPASS's most recent round on record is a Series A, in Oct 2020.
What does CREPASS do?
CREPASS was founded in 2015 and operates from its headquarters in Seoul, South Korea.
Where is CREPASS headquartered?
CREPASS is headquartered in Seoul, South Korea.
Which VCs invest in companies like CREPASS?
Among active investors with capital left to deploy, ICBC Capital Management, China Life Capital, GoHigh Capital and ABQH Shenzhen Investment Fund Management back financial services companies at CREPASS's stage. Their profiles are linked below.
VCs backing financial services startups at Series A
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