Nova Credit

Name

Nova Credit

Legal name

Nova Credit Inc.

Website

https://novacredit.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Credit Infrastructure Software

NAICS

Credit Bureaus (561450), Credit Bureaus (56145), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

akta.pro secondary industries

Alternative / Non-Traditional Credit Data Providers (FSAKAKAB), Credit & Underwriting Data Services (alt data feeds, affordability, bureau augmentation) (FSAGACAH), Credit Score Monitoring & Credit Building (FSAGADAE)

Keywords

• Credit infrastructure
• Cash flow underwriting
• Income verification
• Cross-border credit reporting
• Alternative credit data

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations

Revenue model

1. Enterprise B2B SaaS / API Platform Subscriptions: Recurring revenue from financial institutions, fintechs, and property management platforms licensing access to the Nova Credit Platform and product suite (Cash Atlas™, Income Navigator, Credit Passport®, Eligibility Compass). Delivered via no-code, low-code, and full API deployment paths.
2. Usage-Based Verification Fees: Per-verification / per-pull pricing for credit, income, and cash flow data lookups consumed by clients in their underwriting workflows (e.g., Cash Atlas transactions, Income Navigator verifications, Credit Passport cross-border pulls).
3. Professional & Integration Services: Trusted integration services, strategic advice, and ongoing support delivered by Nova Credit's dedicated services team to accelerate client go-live (9–12 months faster than in-house alternatives).

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels9 records

Core offering

Nova Credit operates a unified credit infrastructure platform that enables financial institutions, fintechs, and property managers to underwrite consumers using alternative credit data. Its products include Cash Atlas™ for cash flow underwriting via bank transaction analytics, Credit Passport® for translating international credit histories into U.S.-compatible reports for newcomers, Income Navigator for automated income and employment verification with advanced document fraud detection, and Eligibility Compass for affordable housing income and asset verification. The platform is delivered via no-code, low-code, and full API integration paths and operates globally as a Consumer Reporting Agency under the FCRA.

Product overview

Nova Credit offers a platform-plus-modules architecture built around the Nova Credit Platform, an enterprise-grade consumer reporting agency (CRA) compliant infrastructure for onboarding, orchestrating, and analyzing alternative consumer credit data. The platform powers four distinct products: Cash Atlas™ for cash flow underwriting (including the NovaScore Cash Flow score), Credit Passport® for cross-border credit reporting for newcomers, Income Navigator for automated income and employment verification with advanced document fraud detection, and Eligibility Compass for affordable housing income and asset verification. The Platform unifies these products under a single integration with multi-source data orchestration, embedded analytics delivering over 1,000 decisionable attributes, and flexible deployment paths ranging from no-code to full API.

Differentiator

Problem solved

Functional benefit

Brands

• Cash Atlas™: Cash flow underwriting solution that uses bank transaction data to evaluate consumers' financial behavior with real-time income and spending data.
• Credit Passport®
• Income Navigator
• Eligibility Compass
• Nova Credit Platform
• NovaScore Cash Flow

Products and services

• Cash Atlas™ Cash flow underwriting product that captures consumers' actual financial health through bank transaction data, delivering FCRA-compliant risk attributes, trended income/expense/asset analytics, and the NovaScore Cash Flow credit risk score (300–850) for underwriting thin-file, no-file, and thick-file consumers.
• Credit Passport® Cross-border credit reporting product that enables consumers to use their international credit history when applying for financial services in the U.S., U.K., Canada, UAE, and Singapore. Covers credit data from 16+ origin countries including Australia, Brazil, Canada, Germany, India, Mexico, Nigeria, Philippines, South Korea, Spain, and the UK.
• Income Navigator Automated income and employment verification solution connecting directly to thousands of financial institutions covering 98% of U.S. consumers. Reduces document reliance by 60% and manual review by 70%; includes advanced document fraud detection analyzing PDFs and images against 700+ fraud indicators.
• Eligibility Compass Income and asset verification solution purpose-built for affordable housing agencies and operators. Shortens verification timelines from weeks or months to minutes by automating eligibility checks against strict affordable housing program requirements.
• Nova Credit Platform Unified credit infrastructure platform that orchestrates consumer-permissioned data from credit bureaus, bank data aggregators, payroll systems, and documents under an FCRA-compliant CRA framework. Powers Cash Atlas™, Income Navigator, Credit Passport®, and Eligibility Compass through a single integration covering 95% of U.S. deposit accounts and 80% of the U.S. workforce.

Quantifiable outcome

• Serving 7,000+ customers worldwide

Named customers23 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

AI capability10 records

Feature8 records

Partnerships

18 partnerships are on record, tiered core and flagship.

• Yardi (Eligibility Compass integration)coreOEM/ Whitelabel/ Licensing Partner · 17 March 2026Yardi integrated Nova Credit's Eligibility Compass into its Yardi Verification Services platform to enhance income and asset verification processes for affordable housing agencies. The integration automates verification, reducing processing time from weeks or months to minutes.
• MRI Software (Income Navigator integration)coreTechnology or Integration · 12 January 2026MRI Software integrated Nova Credit's Income Navigator into its multifamily screening workflow, enabling AI-driven document fraud detection that reduces paystub review time by 90%.
• ProvecoreStrategic or Co-development Partner · 18 December 2025Nova Credit is an initial partner of ProveX, a digital trust exchange that integrates verified customer data and credentials using tokenized digital identities. Enables businesses to access trusted data for transactions, identity verification, and compliance.
• PayPalflagshipTechnology or Integration · 4 September 2025Selected Cash Atlas® to incorporate cash flow underwriting across PayPal's consumer credit products, including BNPL; expands credit access for underserved consumers without compromising risk management. Announced September 4, 2025.
• ImprintcoreTechnology or Integration · 25 June 2025Imprint integrated Nova Credit's Cash Atlas™ into its underwriting capabilities via Alloy's identity and fraud prevention platform, enabling more comprehensive risk assessment for co-branded credit cards.
• YardiflagshipOEM/ Whitelabel/ Licensing Partner · 3 June 2025Embedded Cash Atlas™ into Yardi's ScreeningWorks Pro tenant screening platform — the first at-scale deployment of cash flow underwriting in tenant screening, reaching 6+ million rental units. Expanded later with Eligibility Compass integration for affordable housing income & asset verification.
• MRI SoftwarecoreTechnology or Integration · 13 May 2025MRI Software integrated Nova Credit's Income Navigator into CheckpointID and MRI Resident Screening, serving 88% of the 2025 NMHC Top 50 Managers and nearly 100% of applicants.
• EntratacoreTechnology or Integration · 14 April 2025Entrata incorporated Nova Credit's Credit Passport® product into its operating system to provide property managers access to international credit histories for rental applicants, serving 20,000+ communities.
• SoFiflagshipTechnology or Integration · 15 October 2024Multi-year partnership expanded in October 2024 to deploy Cash Atlas™ for loan underwriting; SoFi has used Nova Credit's services since 2020. Enables assessment of credit risk, credit eligibility, and member experience improvements.
• MoneyLioncoreTechnology or Integration · 10 September 2024Activated Cash Atlas™ within MoneyLion's hosted decisioning engine, allowing credit issuers on MoneyLion's marketplace platform (e.g., Concora Credit) to integrate Nova Credit's cash flow data and analytics.
• AppFoliocoreTechnology or Integration · 15 February 2024AppFolio integrated Nova Credit's Income Navigator into AppFolio Property Manager's Tenant Screening software; deployed within three months and drove a 20% increase in consumer conversion rates.
• HSBC UK Bank PLCflagshipTechnology or Integration · 1 September 2023HSBC partnered with Nova Credit to allow immigrants to include overseas credit history when applying for credit cards in the UK. Partnership enables Credit Passport® for cross-border credit data.
• SoFi (Income Verification case study)flagshipStrategic or Co-development Partner · 4 August 2021SoFi and Nova Credit co-developed an income identification model using bank transaction data, enabling SoFi to reduce underwriting costs through automation and serve gig workers, self-employed individuals, and retirees.
• Chase (JPMorgan Chase)flagshipTechnology or IntegrationSelected Cash Atlas™ to power cash flow underwriting and Credit Passport® for international credit data access; solutions will enable Chase to serve more customers across the U.S. with limited credit history. Announced September 3, 2025.
• ScotiabankflagshipTechnology or IntegrationFirst-in-Canada digital integration of Nova Credit for newcomers — uses Credit Passport® for cross-border credit data and Cash Atlas™ for cash flow underwriting. Provides newcomers a convenient digital head start.
• SocurecoreTechnology or IntegrationIntegration via Socure's RiskOS™ decisioning platform enables lenders to approve more qualified borrowers through cash flow insights.
• Seen Finance™coreStrategic or Co-development PartnerStrategic partnership to bring cash flow data solutions into Seen Finance workflows, expanding credit access and offering better credit offers to consumers.
• AlloycoreTechnology or IntegrationCash Atlas™ is integrated via Alloy's identity and fraud prevention platform, enabling streamlined underwriting decisions and centralized identity verification for partners like Imprint.

Scale indicators20 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Plaid: Leading bank data aggregator that powers connectivity to U.S. deposit accounts and is a foundational data source for Nova Credit's Cash Atlas and Income Navigator. Plaid increasingly offers credit and risk decisioning products, directly overlapping Nova Credit's analytics layer for cash flow underwriting.
• Finicity (Mastercard): Mastercard-owned bank data aggregator and credit decisioning platform (Financial Data Exchange member) that provides cash flow underwriting data and analytics to lenders. Direct competitor in the aggregator + cash flow underwriting stack that Nova Credit orchestrates on top of.
• MX Technologies: Financial data platform offering bank aggregation, aggregation-driven analytics, and money management. MX competes with Nova Credit in the data orchestration and cash flow analytics layer used by financial institutions for underwriting.
• Argyle: Income and employment data platform providing real-time income verification, payroll connectivity, and employer data. Direct competitor to Nova Credit's Income Navigator product in the income verification market for lenders and property managers.
• Pinwheel: Income and employment API providing direct deposit switching, income verification, and historical income data for lenders, BNPL, and fintechs. Direct competitor in the income verification layer that Nova Credit competes with via Income Navigator.

Broad incumbents

• Experian: One of the three major U.S. credit bureaus operating consumer reporting agencies, with Experian Boost extending into cash flow/alternative data. A direct competitor to Nova Credit in credit data and underwriting, but with a much broader portfolio of bureau, marketing, and analytics products.
• Equifax: Major U.S. credit bureau with The Work Number payroll data business and emerging cash flow underwriting initiatives. Overlaps with Nova Credit's CRA status, payroll data coverage (80% U.S. workforce), and alternative credit analytics.
• TransUnion: Third major U.S. credit bureau with alternative data and trended data capabilities and emerging cash flow underwriting products. Competes with Nova Credit across consumer credit reporting and analytics for lenders.
• Yodlee (Envestnet): Long-established financial data aggregation and analytics platform owned by Envestnet, providing bank account data and credit risk analytics to lenders. Competes with Nova Credit's bank aggregation and cash flow underwriting capabilities as part of a broader data and wealth platform.

Emerging players

• Socure: Identity verification and risk decisioning platform whose RiskOS integrates Nova Credit's cash flow analytics. Functions as both a partner via RiskOS and a competitor in KYC/fraud and decisioning for financial institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/nova_credit
• Facebookfacebook.com/novacredit
• LinkedInlinkedin.com/company/nova-credit-inc.

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds8 records

Investors34 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nova Credit