Spotlight

How
does Lenddo work?
How does Lenddo work?

Lenddo uses smartphone data to create credit scores for consumers with thin or no file in the credit bureaus

July 13, 2016

In the latest video in our Omidyar Network Learning Series, we explain how our investee Lenddo turns big data from smartphones and social networks into valuable insights that are reshaping financial service opportunities for emerging middle class consumers and lenders around the globe. Lenddo’s machine learning algorithms analyze up to 12,000 variables for each loan application to generate a credit score—a process that has helped its partners approve up to 50 percent more applicants while also reducing default levels. Lenddo is one company helping advance a new way of lending we’re calling Big Data, Small Credit, where non-financial data and new technology platforms are working together to help financial service providers reach new segments of consumers, while connecting more consumers to the financial tools they need to build a better future.

Learn more in our Big Data, Small Credit report: EnglishSpanish

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