ModernLend
ModernLend is an online lender using machine learning to underwrite and lend to creditworthy borrowers who don't have a full FICO history. By understanding your education, employment and financial background, we can determine your creditworthiness without requiring SSN or FICO credit score. ModernLend is a portfolio company in Entrepreneurs Roundtable Accelerator, raised VC equity funding, won BBVA Bank’s Global FinTech Competition and Wired Money's Startup Stage Competition, and is currently partnering with a bank to issue credit cards customized for international citizens
ModernLend
ModernLend is an online lender using machine learning to underwrite and lend to creditworthy borrowers who don't have a full FICO history. By understanding your education, employment and financial background, we can determine your creditworthiness without requiring SSN or FICO credit score. ModernLend is a portfolio company in Entrepreneurs Roundtable Accelerator, raised VC equity funding, won BBVA Bank’s Global FinTech Competition and Wired Money's Startup Stage Competition, and is currently partnering with a bank to issue credit cards customized for international citizens
TL;DR
Business: Online lender using machine learning to underwrite borrowers without full FICO history
Unique approach: Evaluates education, employment and financial background instead of SSN/FICO
Partnerships & recognition: Portfolio company of Entrepreneurs Roundtable Accelerator; won BBVA and Wired Money competitions; partnering with a bank on credit cards for international citizens
Funding (reported): No funding rounds found on searched sources; Crunchbase total_funding_amount reported as 0.00 (USD)
Company Overview
Problem Domain
Alternative credit underwriting and consumer lending for thin-file or no-FICO borrowers
Industry
Fintech
Funding Track Record
Total Funding: 0.00 USD