2 years ago

DirectID Secures €9 Million Funding to Advance Credit Risk Solutions

  • DirectID, a UK-based fintech company specializing in credit risk, raised €9 million in funding led by Ingka Investments

  • The company intends to use the funds for market launch of predictive models, expansion into new markets, and development of models for each stage of the credit life cycle.

      • ProblemFinancial Services

      "Credit risk assessment is often based on outdated and incomplete data, leading to inaccurate risk predictions and inefficient decision-making."

      Solution

      "DirectID uses open banking data to build predictive models for credit risk, providing real-time insights into affordability, income verification, and financial distress. This allows businesses to make smarter credit decisions, improve risk management, and increase efficiency."

      Covered on