Best Alternative Credit Scoring Companies

Chime is a financial technology company. The company offers banking services such as checking and savings accounts, credit building, and fee-free overdrafts, all aimed at making financial management easy and accessible for everyday people. Its primary customer base includes everyday Americans who are not well-served by traditional banks. The company was founded in 2012 and is based in San Francisco, California.

Experian (LSE: EXPN) operates as a multinational data analytics and consumer credit reporting company. The company offers financial services, identity fraud and crime protection, credit reporting and services, business-to-business (B2B) account management, and more. It serves individuals, businesses, lenders, and organizations. The company was founded in 1980 and is based in Dublin, Ireland.

TransUnion is an information and insights company that operates within the credit reporting and consumer analytics sectors. The company offers solutions that provide a view of individuals to facilitate transactions between businesses and consumers. TransUnion primarily serves sectors that require credit and personal data analytics, such as financial services, insurance, and lending industries. It was founded in 1968 and is based in Chicago, Illinois.

ClearScore is a company focused on providing credit score and report services within the financial sector. They offer consumers access to their credit scores and reports, tools for improving financial health, and personalized offers for credit products such as credit cards, loans, and car finance. ClearScore also provides identity protection services and insights to help users make informed financial decisions. It was founded in 2015 and is based in London, England.

Nova Credit is a credit infrastructure and analytics company that enables lenders to evaluate thin file and foreign credit applicants. Nova Credit's cross-border credit product, Credit Passport, cash flow underwriting product, Cash Atlas, and income verification product, Income Navigator, are used by leading organizations like American Express, Verizon, HSBC, SoFi, Scotiabank, and Yardi to help them reach valuable new applicants from traditionally credit excluded populations. It was founded in 2016 and is based in Sacramento, California.

Equifax (NYSE: EFX) is a global data, analytics, and technology company. It offers products and services that help businesses make decisions about credit, lending, and fraud prevention. The company offers a range of solutions such as credit reporting, fraud prevention, identity protection, workforce management, and more. It caters to industries such as automotive, capital market, communication, credit unions, financial services, gaming, healthcare, insurance, logistics, and manufacturing. It was founded in 1899 and is based in Atlanta, Georgia.

Borrowell operates as a financial technology company. It focuses on credit education and financial well-being. The company offers free access to credit scores and reports, alongside monitoring, personalized financial product recommendations, and educational resources to help individuals improve their financial health. Borrowell serves customers looking for insights and products related to personal finance management. It was founded in 2014 and is based in Toronto, Canada.

Colendi is a financial technology company specializing in alternative credit scoring and microcredit solutions. The company offers a platform that provides instant micro-credit options, buy now pay later services, and investment opportunities without traditional banking barriers. Its products cater to both individual consumers seeking personal finance options. The company was founded in 2018 and is based in London, United Kingdom.

Credit Kudos provides credit score ratings. It helps lenders streamline underwriting, improve accuracy in decision-making, and support customers. It was founded in 2015 and is based in London, United Kingdom. In March 2022, Credit Kudos was acquired by Apple.

Kredivo Holdings specializes in financial technology, focusing on retail credit services within Southeast Asia. The company offers instant credit financing for e-commerce purchases and personal loans with real-time decisioning, as well as a PayLater service that allows consumers to buy now and pay later with a simple 2-click process. Kredivo also provides digital banking services through Krom, which offers convenient financial management and savings options. Kredivo Holdings was formerly known as FinAccel. It was founded in 2015 and is based in Singapore, Singapore.

MoneyLion (NYSE: ML) operates as a financial technology company. It offers a comprehensive suite of digital financial services, including mobile banking, investment accounts, credit building, personal loans, and insurance services, all accessible through a single application. It was founded in 2013 and is based in New York, New York.

Petal is a credit card company. It offers credit cards for any major line of credit, including a mortgage, car loan, and credit card, and allows users to link with a mobile application to track expenses and affordability. Petal was founded in 2016 and is based in New York, New York. In April 2024, Petal was acquired by Empower Finance.

Self is a credit building platform that operates in the financial services industry, focusing on increasing economic inclusion and financial resilience. The company offers a Credit Builder Account and a secured Self Visa® Credit Card, which are designed to help individuals build credit without a hard credit check and report to all three credit bureaus. Additionally, Self provides services for reporting rent and utility payments to credit bureaus, allowing customers to gain credit for regular bills. Self was formerly known as Self Lender. It was founded in 2015 and is based in Austin, Texas.

Tala serves as a financial platform focused on providing digital financial services across multiple sectors. The company offers instant access to credit, payments, savings, and transfer services through its app, utilizing AI for personalized financial solutions. Tala primarily serves individuals who seek to manage their finances with innovative technology. Tala was formerly known as InVenture. It was founded in 2011 and is based in Santa Monica, California.

Trusting Social specializes in AI-powered credit scoring and financial inclusion within the fintech sector. The company offers solutions for credit risk assessment, identity verification, and customer acquisition, utilizing big data and artificial intelligence to serve underbanked populations. Trusting Social's products are primarily utilized by the lending industry, including banks and financial institutions. It was founded in 2013 and is based in Singapore, Singapore.