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Koyo

Full company profile

uuid0000sst

Namestring
Koyo
Legal namestring
Koyo Finance 1 Ltd
Websiteurl
koyoloans.com
Company typeenum
Private
Founded yearint
2018
Short descriptiontext

Koyo is a UK-based consumer lending platform that uses open banking transaction data and machine learning to underwrite personal loans for near-prime borrowers who are underserved by traditional credit-score-based lenders.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersLondon, United Kingdom
HQ citystring
London
HQ countrystring
United Kingdom
HQ regionstring
Europe
Markets served

Serves global market

Keyword5 values
consumer lending, open banking credit, near-prime borrowers, personal loans UK, transaction data underwriting
Industry1 code
1Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking)
CodeFSAGAHACPrimaryYes
NAICS code1 code
  • Credit Intermediation and Related Activities522
SIC code1 code
  • Personal Credit Institutions6141
Product category
Consumer Lending
Social media profiles1 record
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Consumer Lending
TypeTransaction Fee
Description

Koyo generates revenue through interest earned on consumer loans provided to borrowers. The company uses transaction data via open banking to assess creditworthiness and offers loans to near-prime borrowers who may not qualify through traditional credit scoring methods.

pymnts.com
Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Technology or R&D, Operations, Marketing or Sales, Others
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Koyo is a UK-based direct-to-consumer lending platform that issues personal loans to near-prime borrowers. Instead of relying on traditional credit scores, Koyo uses open banking transaction data and machine learning to assess borrower creditworthiness and price risk. Existing loans are originated by Koyo Loans and serviced via Koyo Finance 1 Ltd, with day-to-day servicing handled by third-party servicer Capquest.

Differentiator
Functional benefit
Problem solved
Product and service2 records
1Koyo Loans
CategoryConsumer Lending
Description

Personal consumer loans originated by Koyo's open-banking lending platform, underwritten using transaction data analysis rather than traditional credit scores and targeted at UK near-prime borrowers underserved by high-street lenders.

2Koyo Finance 1 Ltd Loan Portfolio
CategoryLoan Servicing Vehicle
Description

Special-purpose UK entity holding existing Koyo Loans, with day-to-day servicing managed by third-party servicer Capquest on behalf of the borrower.

Scale indicator1 record

Each record includes

Type, Value, Description, Source

Partnership1 partner
1Capquest
Strategic tierCoreTypeOthers
Description

Existing Koyo loans have been transferred to Koyo Finance 1 Ltd and are now being managed by Capquest on behalf of the company. Capquest serves as the loan servicer managing customer relationships and payments.

Peers10 records
1Zopa
TypeDirect peer
Description

UK digital consumer lender that originated as a peer-to-peer platform and now holds a banking licence. Directly comparable to Koyo as a UK digital lender serving consumer borrowers with online origination.

2Lendable
TypeDirect peer
Description

UK-based digital consumer loan platform offering personal loans to near-prime and prime borrowers through an online, data-driven underwriting process. Closely matches Koyo's product, customer segment, and distribution model.

3OakNorth
TypeBroad incumbent
Description

UK digital bank and specialty lender providing credit to SMEs and individuals, with proprietary data-driven underwriting technology. Comparable as a UK data-led lender, though its core focus is commercial/SME rather than consumer.

4Funding Circle
TypeBroad incumbent
Description

UK-listed digital lending platform focused on SME loans. Comparable as a UK online alternative-data lender, though its customer segment (SMBs) differs from Koyo's consumer focus.

5iwoca
TypeEmerging player
Description

UK-based alternative lender providing working capital and small business loans using data-driven underwriting. Comparable as a UK alternative-data lender, although focused on SMEs rather than consumer loans.

6Atom Bank
TypeBroad incumbent
Description

UK digital-only challenger bank offering consumer loans, mortgages, and savings. Comparable as a UK digital lender, although it operates a full banking model rather than a pure-play consumer credit platform.

7Starling Bank
TypeBroad incumbent
Description

UK digital challenger bank offering personal loans alongside current accounts and business banking. Comparable as a UK digital lender, though it competes primarily in prime segments and via a broader banking proposition.

8TrueLayer
TypeOthers
Description

UK-based open banking API provider that supplies the underlying transaction-data rails many alternative lenders (including Koyo) rely on. Highly comparable as a UK open-banking infrastructure peer.

9Plaid
TypeOthers
Description

Global open banking and financial data connectivity platform that enables consumer-permissioned transaction data sharing. Comparable to Koyo's data infrastructure dependency, though Plaid does not lend directly.

10Klarna
TypeEmerging player
Description

European consumer credit and BNPL provider using alternative data and machine learning to underwrite short-term consumer credit. Comparable as a European ML-driven consumer lender, though Klarna is much larger and BNPL-led.

Market position
Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds5 records

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors5 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Koyo

Consumer Lendingkoyoloans.com

Koyo is a UK-based consumer lending platform that uses open banking transaction data and machine learning to underwrite personal loans for near-prime borrowers who are underserved by traditional credit-score-based lenders.

Koyo firmographics

Firmographics
Name
Koyo
Legal name
Koyo Finance 1 Ltd
Website
https://koyoloans.com
Company type
Private
Founded year
2018
Operating status
Operating
Headcount range
11–50 employees
Short description
Koyo is a UK-based consumer lending platform that uses open banking transaction data and machine learning to underwrite personal loans for near-prime borrowers who are underserved by traditional credit-score-based lenders.
Ownership category
akta.pro rank

Koyo industry classification

Industry
Product category
Consumer Lending
NAICS
Credit Intermediation and Related Activities (522)
SIC
Personal Credit Institutions (6141)
akta.pro primary industry
Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC)

Keywords

  • Consumer lending
  • Open banking credit
  • Near-prime borrowers
  • Personal loans UK
  • Transaction data underwriting

Where Koyo is headquartered

Location

Headquarters

HQ city
London
HQ country
United Kingdom
HQ region
Europe

Markets served

Koyo business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

  1. Consumer Lending: Koyo generates revenue through interest earned on consumer loans provided to borrowers. The company uses transaction data via open banking to assess creditworthiness and offers loans to near-prime borrowers who may not qualify through traditional credit scoring methods.

Go-to-market motion1 record

Distribution channels1 record

Koyo product offering

Product offering

Core offering

Koyo is a UK-based direct-to-consumer lending platform that issues personal loans to near-prime borrowers. Instead of relying on traditional credit scores, Koyo uses open banking transaction data and machine learning to assess borrower creditworthiness and price risk. Existing loans are originated by Koyo Loans and serviced via Koyo Finance 1 Ltd, with day-to-day servicing handled by third-party servicer Capquest.

Differentiator

Problem solved

Functional benefit

Products and services

  • Koyo Loans Personal consumer loans originated by Koyo's open-banking lending platform, underwritten using transaction data analysis rather than traditional credit scores and targeted at UK near-prime borrowers underserved by high-street lenders.
  • Koyo Finance 1 Ltd Loan Portfolio Special-purpose UK entity holding existing Koyo Loans, with day-to-day servicing managed by third-party servicer Capquest on behalf of the borrower.

Companies that use Koyo

Customer profile

Segments1 record

Ideal customer profiles1 record

Koyo technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Koyo partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • CapquestcoreOthersExisting Koyo loans have been transferred to Koyo Finance 1 Ltd and are now being managed by Capquest on behalf of the company. Capquest serves as the loan servicer managing customer relationships and payments.

Scale indicators1 record

Koyo competitors and assessment

Company assessment

Direct peers

  • Zopa: UK digital consumer lender that originated as a peer-to-peer platform and now holds a banking licence. Directly comparable to Koyo as a UK digital lender serving consumer borrowers with online origination.
  • Lendable: UK-based digital consumer loan platform offering personal loans to near-prime and prime borrowers through an online, data-driven underwriting process. Closely matches Koyo's product, customer segment, and distribution model.

Broad incumbents

  • OakNorth: UK digital bank and specialty lender providing credit to SMEs and individuals, with proprietary data-driven underwriting technology. Comparable as a UK data-led lender, though its core focus is commercial/SME rather than consumer.
  • Funding Circle: UK-listed digital lending platform focused on SME loans. Comparable as a UK online alternative-data lender, though its customer segment (SMBs) differs from Koyo's consumer focus.
  • Atom Bank: UK digital-only challenger bank offering consumer loans, mortgages, and savings. Comparable as a UK digital lender, although it operates a full banking model rather than a pure-play consumer credit platform.
  • Starling Bank: UK digital challenger bank offering personal loans alongside current accounts and business banking. Comparable as a UK digital lender, though it competes primarily in prime segments and via a broader banking proposition.

Emerging players

  • iwoca: UK-based alternative lender providing working capital and small business loans using data-driven underwriting. Comparable as a UK alternative-data lender, although focused on SMEs rather than consumer loans.
  • Klarna: European consumer credit and BNPL provider using alternative data and machine learning to underwrite short-term consumer credit. Comparable as a European ML-driven consumer lender, though Klarna is much larger and BNPL-led.

Others

  • TrueLayer: UK-based open banking API provider that supplies the underlying transaction-data rails many alternative lenders (including Koyo) rely on. Highly comparable as a UK open-banking infrastructure peer.
  • Plaid: Global open banking and financial data connectivity platform that enables consumer-permissioned transaction data sharing. Comparable to Koyo's data infrastructure dependency, though Plaid does not lend directly.

Market position

Customer concentration

Koyo social profiles

Digital presence

Koyo financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Koyo leadership team

Management profile

Number of profiles

Profiles3 records

Koyo funding detail

Funding detail

Funding overview

Funding rounds5 records

Investors5 records

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

Koyo M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Koyo

What does Koyo do?

Koyo is a UK-based direct-to-consumer lending platform that issues personal loans to near-prime borrowers. Instead of relying on traditional credit scores, Koyo uses open banking transaction data and machine learning to assess borrower creditworthiness and price risk. Existing loans are originated by Koyo Loans and serviced via Koyo Finance 1 Ltd, with day-to-day servicing handled by third-party servicer Capquest.

Is Koyo a public or private company?

Koyo is a private company. It is classified as venture growth investor backed and is currently operating.

When was Koyo founded?

Koyo was founded in 2018. It employs 11 to 50 people.

Where is Koyo based?

Koyo is headquartered in London, United Kingdom, in the Europe region.

How does Koyo make money?

One revenue line is on record: consumer Lending.

Who are Koyo's main competitors?

Direct peers on record are Zopa and Lendable. Broad incumbents are OakNorth, Funding Circle, Atom Bank and Starling Bank. Emerging players are iwoca and Klarna. Others are TrueLayer and Plaid.

Does Koyo have an API?

No public API is recorded for Koyo.

What industry is Koyo in?

Koyo's product category is Consumer Lending. Its primary akta.pro industry code is FSAGAHAC, Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking). Its NAICS code is 522 and its SIC code is 6141.

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