finexos
A multi-award winning fintech working with financial institutions and lenders to increase financial inclusion and reduce the cost of borrowing for millions of consumers and businesses.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
* | £690k Valuation: £3.5m 3.4x EV/Revenue | Seed | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | - | 238 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
Related Content
Finexos offers a credit and affordability assessment platform that leverages artificial intelligence, open banking, and behavioral analytics. The company aims to provide lenders with a more accurate understanding of a borrower's financial health, moving beyond traditional credit scoring methods. By analyzing real-time financial data, the platform helps lenders reduce risk, lower costs, and decrease default rates. For borrowers, this can lead to fairer access to credit and improved financial well-being.
Founded in 2018 by Mark Fisher, Kristjan Gudmundsson, and Adam Flowers, Finexos is headquartered in London, England. The company operates on a Software-as-a-Service (SaaS) business model, providing its technology to banks and lenders. Finexos's platform is designed to make credit more accessible and affordable, particularly for individuals who may be underserved by conventional credit scoring systems. The technology has received recognition for its potential to promote financial inclusion.
The core of the Finexos offering is its ability to generate a comprehensive financial profile of an applicant in seconds, analyzing transactional data to assess affordability and creditworthiness. This approach allows lenders to make more informed decisions, potentially approving more applicants without increasing their risk exposure. The company has participated in several accelerator programs, including the Financial Conduct Authority (FCA) regulatory sandbox, to develop and validate its technology.
Keywords: credit risk, affordability assessment, open banking, financial analytics, lending technology, SaaS, financial inclusion, credit scoring, behavioral analytics, risk management