Lending Startups Look at Borrowers’ Phone Usage to Assess Creditworthiness

The Wall Street Journal published a story today on how lending startups, including our investee Lenddo, are leveraging data footprints from consumers’ smartphones to determine creditworthiness for people in emerging markets who lack traditional credit scores.

The Wall Street Journal published a story today on how lending startups, including our investee Lenddo, are leveraging data footprints from consumers’ smartphones to determine creditworthiness for people in emerging markets who lack traditional credit scores. 
 
The piece also mentions Omidyar Network’s recent report “Big Data, Small Credit,” highlighting a key finding around how the majority of early adopters of these types of products were comfortable with the trade off of sharing personal data as a means to get access to credit.
 

To catch up on the full article, please click here.

To read our “Big Data, Small Credit” report, click here.