# TomoCredit

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

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.tomocredit.com
- Total disclosed funding: $39M
- Latest round: Series B (May 12, 2022)
- Investors on record: 17

## About

Based in California, US, and founded in 2019, TomoCredit Inc. is a financial technology company that offers credit cards designed to help first-time borrowers build a credit history, based on their cash flow, rather than on their FICO or credit report ratings. The company was co-founded by Dmitry Kashlev and Kristy Kim and is backed by investors including  KB Investment Inc., Barclays, BAM Ventures, Passport Capital, Ulu Ventures, and Strong Ventures.

TomoCredit is a credit card that operates with a debit card model where borrowers can make payments on a seven-day automatic payment schedule with no annual fees or percentage rate applied. The company does not require the borrowers' credit score to determine their credit limit but based their assessments on borrowers' financial history, sources of income, and the use of the company's proprietary algorithm to determine the borrowers' creditworthiness.

The company's revenue is generated from fees and interest earned from borrowers' loans.

TomoCredit plans to speed up its growth, by hiring additional data engineers, and product development, such as adding more interactive features. The company also plans to issue cards to the remaining pre-approved applicants by the summer of 2021.

## Funding rounds

- Series B, May 12, 2022, $22M — Morgan Stanley Investment Management, Shenzhen Goldhouse Capital Co.Ltd, Hyphen Capital, Asian Hustle Network
- Series A, Sep 15, 2021, $10M — KB Investment, WTI, Kapor Capital, AME Cloud Ventures, Bronze Investments, Lewis & Clark Ventures, Knollwood Investment Advisory
- Seed, Feb 10, 2021, $7M — KB Investment, Ulu Ventures, Passport Capital, Barclays, Strong Ventures, BAM Ventures, Knollwood Investment Advisory
- Seed, Jan 20, 2020 — Ulu Ventures
- Seed, Sep 9, 2019 — Techstars, Barclays

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Barclays — Seed
- Ulu Ventures (https://capitalatlas.ai/funds/ulu-ventures) — Seed
- KB Investment (https://capitalatlas.ai/funds/kb-investment) — Seed, Series A
- Passport Capital — Seed
- Strong Ventures (https://capitalatlas.ai/funds/strong-ventures) — Seed
- BAM Ventures (https://capitalatlas.ai/funds/bam-ventures) — Seed
- Knollwood Investment Advisory — Seed, Series A
- WTI — Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A
- AME Cloud Ventures (https://capitalatlas.ai/funds/ame-cloud-ventures) — Series A
- Bronze Investments (https://capitalatlas.ai/funds/bronze-investments) — Series A
- Lewis & Clark Ventures (https://capitalatlas.ai/funds/lewis-clark-ventures) — Series A
- Morgan Stanley Investment Management — Series B
- Shenzhen Goldhouse Capital Co.Ltd — Series B
- Hyphen Capital (https://capitalatlas.ai/funds/hyphen-capital) — Series B
- Asian Hustle Network — Series B