# PointPredictive

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pointpredictive

- Industry: Software
- Headquarters: San Diego, US
- Website: www.pointpredictive.com
- Latest round: Series B (Sep 23, 2020)
- Investors on record: 2

## About

PointPredictive Inc. leverages advanced data and AI technology to streamline the lending process for financial institutions, enhancing efficiency and reducing fraud in loan applications.Founded in 2016 by Frank McKenna and Joe Jackson, PointPredictive Inc. is headquartered in San Diego, US. The company specializes in data solutions for lenders and has successfully completed 3 deals, with the most recent occurring on October 28, 2021.Point Predictive specializes in providing advanced data and technology solutions aimed at enhancing the lending process for financial institutions. Central to their offerings are proprietary products such as AutoPass™, BorrowerCheck™, DealerCheck™, IncomePass™, and MortgagePass™, which leverage artificial intelligence and comprehensive data insights to assess loan applications efficiently. These solutions enable lenders to identify truthful and untruthful disclosures quickly, significantly easing the documentation burden on borrowers by reducing the need for traditional verification methods, such as pay stubs or bank statements. The company's client base includes alternative lenders, auto dealerships, and mortgage lenders, primarily located in the United States, with potential expansion into international markets. By streamlining the loan approval process, Point Predictive improves funding rates and reduces early payment default losses, directly benefiting both lenders and borrowers.Point Predictive generates revenue through various structured transactions with its clientele, primarily involving subscription-based models and B2B partnerships. Clients typically subscribe to the company's flagship products—such as BorrowerCheck™ for lenders, which facilitates eligibility assessments, and AutoPass™, which is tailored for auto lending solutions. These subscriptions allow clients to access the data insights and risk management capabilities integral to the lending process. The revenue model is designed to yield recurring income while supporting lenders in making informed decisions, thereby enhancing their operational efficiency. Specific pricing structures for products are determined based on the scope of services provided and the individual agreements established with clients, reflecting the tailored nature of the solutions offered.In October 2021, PointPredictive Inc. raised an undisclosed amount of growth funding from new investors CIBC Innovation Banking and Ten Coves Capital, with returning investor Mosaik Partners also participating in the round. The funding will be utilized to make significant new product investments, develop its analytics platform, expand its data consortiums, and support its client base. The company is actively designing new products to enhance its service offerings and is exploring expansion into new markets, with specific targets identified for growth in the coming years.

## Funding rounds

- Series B, Sep 23, 2020 — Napier Park Global Capital, Mosaik Partners
- Series A, Jul 5, 2017 — Mosaik Partners

## Investors

- Mosaik Partners (https://capitalatlas.ai/funds/mosaik-partners) — Series A, Series B
- Napier Park Global Capital (https://capitalatlas.ai/funds/napier-park-global-capital) — Series B