About AltScore
AltScore is a company based in Quito (Ecuador) founded in 2019 by Andrea Pinto and Mateo Semerene.. AltScore has raised $13.81 million across 3 funding rounds from investors including Techstars, Haymaker Ventures and Kamay Ventures. AltScore offers products and services including AltData™ API, Scoring-as-a-Service, and Onboarding Module. AltScore operates in a competitive market with competitors including Cloud Lending, Bankish, Aqaix and Circeo, among others.
- Headquarter Quito, Ecuador
- Founders Andrea Pinto, Mateo Semerene
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$13.81 M (USD)
in 3 rounds
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Latest Funding Round
$10.31 M (USD), Series A
Aug 20, 2024
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Investors
Techstars
& 12 more
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Employee Count
Employee Count
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Products & Services of AltScore
AltScore offers a comprehensive portfolio of products and services, including AltData™ API, Scoring-as-a-Service, and Onboarding Module. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
API for alternative data sources in credit decisions
Service for accurate credit decisions using multiple data sources
Digital solution for KYC and verification processes
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Funding Insights of AltScore
AltScore has successfully raised a total of $13.81M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10.31 million completed in August 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.3M
- First Round First Round
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2024 | Amount | Series A - AltScore | Valuation | Haymaker Ventures | |
| Dec, 2022 | Amount | Seed - AltScore | Valuation | Far Out Ventures | |
| Feb, 2022 | Amount | Seed - AltScore | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AltScore
AltScore has secured backing from 13 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Techstars, Haymaker Ventures and Kamay Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital is invested in fintech startups by Haymaker Ventures.
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Founded Year | Domain | Location | |
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Kamay Ventures is engaged in corporate venture capital funding.
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Founded Year | Domain | Location | |
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BuenTrip Ventures is focused on investing in Latin American tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AltScore
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AltScore
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altscore Comparisons
Competitors of AltScore
AltScore operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cloud Lending, Bankish, Aqaix and Circeo, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A cloud-based lending platform is provided for financial institutions.
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| domain | founded_year | HQ Location |
Lending and deposit systems are offered for loan providers.
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| domain | founded_year | HQ Location |
Water financing is enabled via cloud-based lending platform.
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| domain | founded_year | HQ Location |
Cloud-based loan management platform for financial institutions and workflows.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altscore
Frequently Asked Questions about AltScore
When was AltScore founded?
AltScore was founded in 2019 and raised its 1st funding round 3 years after it was founded.
Where is AltScore located?
AltScore is headquartered in Quito, Ecuador. It is registered at Quito, Pichincha, Ecuador.
Is AltScore a funded company?
AltScore is a funded company, having raised a total of $13.81M across 3 funding rounds to date.
What does AltScore do?
AltScore was founded in 2019 in Quito, Ecuador, as an API-enabled online B2B lending-as-a-service platform. Loans are offered to customers or clients by users, with transactions facilitated accordingly. Support is extended for loan origination, underwriting, customer onboarding, KYC verification, disbursal, and collection processes within the fintech sector. Operations focus on enabling lenders to manage end-to-end lending activities efficiently.
Who are the top competitors of AltScore?
AltScore's top competitors include Cloud Lending, Bankish and Aqaix.
What products or services does AltScore offer?
AltScore offers AltData™ API, Scoring-as-a-Service, and Onboarding Module.
Who are AltScore's investors?
AltScore has 13 investors. Key investors include Techstars, Haymaker Ventures, Kamay Ventures, BuenTrip Ventures, and Caffeinated Capital.