About CredoLab
CredoLab is a company based in Singapore (Singapore) founded in 2016 by Michele Tucci, Adrian Chng, and Peter Barcak.. CredoLab has raised $9 million across 3 funding rounds from investors including GBG, Walden International and Access Ventures. CredoLab offers products and services including Risk Scores, Fraud Scores, Marketing Scores, and ROI Calculator. CredoLab operates in a competitive market with competitors including Borrowell, Juvo, Nova Credit, Nithio and Savvymoneycom, among others.
- Headquarter Singapore, Singapore
- Founders Michele Tucci, Adrian Chng, Peter Barcak
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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
*********
- Legal Name Credolab Pte. Ltd.
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Annual Revenue
$2.49 M101as on Dec 31, 2021
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Net Profit
$-1.58 M1as on Dec 31, 2021
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EBITDA
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Total Equity Funding
$9 M (USD)
in 3 rounds
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Latest Funding Round
$7 M (USD), Series A
Aug 20, 2020
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Investors
GBG
& 3 more
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Employee Count
Employee Count
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Products & Services of CredoLab
CredoLab offers a comprehensive portfolio of products and services, including Risk Scores, Fraud Scores, Marketing Scores, and ROI Calculator. 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.
Tools for reducing credit risk using behavioral data insights
Predictive scores to prevent fraud and enhance security
Insights for better user targeting and campaign optimization
Calculator to evaluate return on investment for risk strategies
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Funding Insights of CredoLab
CredoLab has successfully raised a total of $9M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $7 million completed in August 2020. 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 — $7.0M
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First Round
First Round
(27 Jun 2017)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2020 | Amount | Series A - CredoLab | Valuation | GBG | |
| May, 2018 | Amount | Seed - CredoLab | Valuation | Walden International |
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| Jun, 2017 | Amount | Seed - CredoLab | Valuation | Fintonia Group |
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| 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 CredoLab
CredoLab has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include GBG, Walden International and Access 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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VC firm investing globally in early & expansion stage companies
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Founded Year | Domain | Location | |
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Access Ventures is focused on early-stage venture capital investments.
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Founded Year | Domain | Location | |
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Fraud prevention solutions are provided by GBG platform to businesses.
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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 CredoLab
| 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 - CredoLab
| 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 |
Credolab Comparisons
Competitors of CredoLab
CredoLab 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 Borrowell, Juvo, Nova Credit, Nithio and Savvymoneycom, 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 |
Credit monitoring and financial products comparison platform is provided.
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| domain | founded_year | HQ Location |
Mobile data transactions are analyzed for alternative credit scoring solutions.
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| domain | founded_year | HQ Location |
Nova Credit is focused on consumer credit data solutions.
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| domain | founded_year | HQ Location |
Analytics and financial solutions for distributed solar energy are provided.
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| domain | founded_year | HQ Location |
DIY debt payoff tools and advice are offered to borrowers.
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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 Credolab
Frequently Asked Questions about CredoLab
When was CredoLab founded?
CredoLab was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Where is CredoLab located?
CredoLab is headquartered in Singapore, Singapore.
Who is the current CEO of CredoLab?
Peter Barcak is the current CEO of CredoLab. They have also founded this company.
Is CredoLab a funded company?
CredoLab is a funded company, having raised a total of $9M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Jun 27, 2017.
What is the annual revenue of CredoLab?
Annual revenue of CredoLab is $2.49M as on Dec 31, 2021.
What does CredoLab do?
Founded in 2016 in Singapore, CredoLab operates in the fintech sector, focusing on credit assessment and decisioning for banks, finance firms, telecoms, insurers, and retailers. Services include the Credo App, which gathers metadata alongside traditional data to form digital footprints, analyzed by proprietary AI algorithms across device data points for predictive scorecards. Integration options encompass standalone white-label use or embedding in lender apps, with CredoMeter provided for business credit scoring.
Who are the top competitors of CredoLab?
CredoLab's top competitors include Borrowell, Nithio and Applied Data Finance.
What products or services does CredoLab offer?
CredoLab offers Risk Scores, Fraud Scores, Marketing Scores, and ROI Calculator.
Who are CredoLab's investors?
CredoLab has 4 investors. Key investors include GBG, Walden International, Access Ventures, and Fintonia Group.
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