Algoan
Algoan is a Paris-based fintech that provides an Open Banking credit decisioning platform — PSD2-compliant bank data aggregation, behavioral credit scoring, solvency analysis, fraud detection, and onboarding APIs — to European banks, consumer lenders, BNPL providers, and auto financiers.
- Company typePrivate
- Founded2018
- HeadquartersParis, France
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Algoan does
Algoan is a Paris-based fintech founded in 2018 by Micha\u00ebl Diguet (ex-Dassault Syst\u00e8mes Director of R&D) and Paul Peyr\u00e9 (ex-Fitch Ratings Director of Structured Finance) that operates an Open Banking credit decisioning platform delivered as APIs to financial institutions. The platform comprises six products covering the full credit decisioning value chain: Transaction Data (PSD2-compliant bank data aggregation covering 99% of banked individuals in France), Credit Insights (real-time solvency analysis with 90+ transaction categories at 99% categorization precision), Credit Score (a behavioral default-probability score with a disclosed 80% Gini coefficient), Shield (fraud and synthetic-identity detection), Onboarding (customizable customer journey orchestration), and Dashboard (visualization and monitoring). Algoan reports processing more than 17 million account analyses and serves enterprise customers including BNP Paribas, La Banque Postale, Sofinco (Cr\u00e9dit Agricole Consumer Finance), Cofidis, Revolut, Bunq, Carrefour Banque, CGI Finance, and Franfinance, among others. The company is registered with the ACPR as an Account Information Service Provider (registration no. 17728), ISO/IEC 27001 certified, GDPR compliant, and positions its offering as DCC2-ready ahead of the November 2026 EU Consumer Credit Directive 2 deadline. Distribution is API-first under a freemium Discovery plan (100 calls/month) with production volumes on pay-as-you-go API pricing, supplemented by monthly Dashboard and technical/functional support subscriptions; sales is primarily direct enterprise, supplemented by flagship partnerships with Mastercard, Sopra Steria, Worldline, and Solarisbank for indirect channel reach. Geographic focus is France with documented expansion signals into Spain and broader European markets.
Algoan firmographics
Firmographics- Name
- Algoan
- Legal name
- Algoan SAS
- Website
- https://algoan.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Algoan is a Paris-based fintech that provides an Open Banking credit decisioning platform — PSD2-compliant bank data aggregation, behavioral credit scoring, solvency analysis, fraud detection, and onboarding APIs — to European banks, consumer lenders, BNPL providers, and auto financiers.
- Ownership category
- akta.pro rank
Algoan industry classification
Industry- Product category
- Credit Decisioning Software
- NAICS
- Activities Related to Credit Intermediation (5223), Credit Bureaus (561450), Custom Computer Programming Services (541511)
- SIC
- Personal Credit Institutions (6141), Services-Consumer Credit Reporting, Collection Agencies (7320), Finance Services (6199)
- akta.pro primary industry
- BNPL Underwriting & Credit Decisioning Platforms (FSAGAIAD)
- akta.pro secondary industries
- BNPL Platform Infrastructure (APIs, Orchestration, Merchant Tools) (FSAKACAE), BNPL Servicing & Collections Platforms (FSAGAIAE), Risk, Compliance & Controls for Embedded Finance (KYB/KYC/AML, Fraud, Disputes) (FSAGALAK)
Keywords
Where Algoan is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Algoan business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- API consumption (Credit Insights, Credit Score, Transaction Data): Pay-as-you-go pricing based on actual API consumption via a sliding scale tied to volume. Customers are charged per API call or analysis performed. A free plan (Discovery tier) provides 100 API calls/month.
- Dashboard subscription: Monthly subscription for access to the Algoan Dashboard product, a configurable visualization and monitoring interface for credit decisioning data and scores.
- Technical and functional support subscription: Monthly fee for ongoing technical and functional support services alongside API and product usage.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Discovery (Free) plan |
| Usage-based | Pay-as-you-go | Production API plans (pay-as-you-go) |
| Subscription | Monthly | Dashboard subscription |
| Subscription | Monthly | Support subscription |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Algoan product offering
Product offeringCore offering
Algoan provides an Open Banking-based credit decisioning platform delivered via REST APIs to financial institutions. Its modular product suite retrieves customer banking data through PSD2-compliant aggregators, categorizes transactions, generates behavioral credit scores and solvency indicators, detects fraud, and orchestrates digital onboarding — enabling instant, document-free credit decisions for consumer credit, BNPL, auto financing, leasing, and credit card use cases.
Product overview
Algoan is an Open Banking credit decisioning platform that offers a modular suite of products for financial institutions to assess creditworthiness and detect fraud. The core portfolio consists of six products: Transaction Data (banking data aggregation via PSD2), Credit Insights (transaction categorization and solvency analysis), Credit Score (behavioral default probability scoring), Onboarding (customer journey orchestration), Dashboard (visualization and monitoring), and Shield (fraud detection). These products work together as an integrated value chain: Transaction Data retrieves banking data, Credit Insights and Credit Score analyze and score the applicant, Shield validates identity and detects fraud, Onboarding orchestrates the customer journey, and Dashboard provides unified visualization. The platform enables instant credit decisions in seconds based on real financial behavior rather than traditional socio-demographic criteria.
Differentiator
Problem solved
Functional benefit
Products and services
- Transaction Data Open Banking data aggregation solution that enables secure retrieval of customer banking data (accounts, balances, transactions) via PSD2-compliant APIs. Covers 99% of the banked population in France with a streamlined user journey including bank selection, secure authentication, and account selection. Built for financial institutions integrating Open Banking into credit and payment workflows.
- Credit Insights Real-time financial analysis product that categorizes banking transactions into 90+ categories at 99% precision and provides multiple solvency indicators. Analyzes income, expenses, and balance evolution to determine whether a customer's financial situation supports creditworthiness. Designed for lenders needing fast, document-free credit decisions.
- Credit Score Behavioral credit scoring product that delivers a score reflecting the probability of default. Achieves an 80% Gini coefficient indicating strong discriminatory power to distinguish defaulting borrowers from those who will repay. Built on proprietary algorithms trained on 17M+ account analyses.
- Onboarding Customer journey orchestration product that creates a customized pathway for integrating Algoan products into a lender's ecosystem. Supports tailored credit or payment-facility application flows, simplifies project management, improves operational efficiency, and accelerates time-to-market for Open Banking credit solutions.
- Dashboard Visualization and monitoring interface that displays financial data, analysis results, and credit scores in a single customizable dashboard with configurable widgets. Enables real-time monitoring of credit decisions and risk indicators for lenders and credit teams.
- Shield Fraud detection product that validates identity elements (name, phone, email, IP address, postal address) and cross-checks consistency between declarative data and Open Banking data. Protects against synthetic identity fraud and traditional identity theft with real-time API-based scoring.
Quantifiable outcome
- 35% GINI coefficient improvement — Sofinco (Crédit Agricole Consumer Finance) achieved a near-35% increase in discriminatory power of its credit scoring system after deploying Algoan's Open Banking solution.
- +4 more outcomes
Companies that use Algoan
Customer profileNamed customers25 records
Segments7 records
Ideal customer profiles5 records
Algoan technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability4 records
Feature7 records
Algoan partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered flagship, core and notable.
- MastercardflagshipMastercard and Algoan announced a partnership to accelerate the adoption of Open Banking for credit decisioning. The partnership combines Algoan's Open Banking credit scoring technology with Mastercard's global payments network and reach, enabling financial institutions to make faster, more accurate credit decisions using real-time banking data.
- MiTrustcoreMiTrust and Algoan joined forces to improve trust in Open Banking. MiTrust provides certified digital identity verification services that complement Algoan's banking data analysis, enabling stronger identity verification in credit application journeys.
- Sopra SteriaflagshipSopra Steria and Algoan strengthened their partnership to promote financial inclusion, combining Algoan's Open Banking credit scoring technology with Sopra Steria's consulting and systems integration capabilities to serve major banking clients. Sopra Steria is a major European consulting and digital services firm.
- WorldlinenotableWorldline partnered with Algoan to offer a cutting-edge credit scoring solution to lenders and service providers. Worldline is a European payments and transaction services leader, and this partnership enabled Algoan's scoring technology to reach Worldline's extensive client base of financial institutions.
- SolarisbanknotableSolarisbank selected Algoan's credit scoring and BNPL technology for its platform. Solarisbank is a German banking-as-a-service platform, and the partnership enabled Algoan to offer its scoring solutions to Solarisbank's European client network.
- PowenscorePowens provides banking data aggregation infrastructure (APIs) enabling Algoan's Transaction Data product to connect to a wide range of European banks. Powens is a core infrastructure partner for Algoan's Open Banking data retrieval capabilities.
- aiiacoreaiia provides banking data aggregation and Open Banking connectivity infrastructure that complements Powens, enabling Algoan to offer broad PSD2-compliant bank API coverage across Europe.
- BridgecoreBridge is a banking data aggregation platform providing APIs that enable Algoan to retrieve banking transaction data. Algone and Bridge partnered in 2021 to simplify access to credit using Open Banking data.
Scale indicators10 records
Recent moves7 records
Expansion highlights6 records
Algoan competitors and assessment
Company assessmentDirect peers
- Aire: UK-based Open Banking credit scoring and decisioning platform that analyzes banking data to produce credit scores and affordability insights. Most directly comparable to Algoan in product offering, target customer (lenders), and API-first delivery model.
- Wiserfunding: UK/Europe-based alternative credit scoring platform using bank transaction data for SME and business lending — adjacent to Algoan's growing professional credit segment and similarly positioned as a behavioral scoring challenger.
- Budget Insight: French Open Banking data aggregation and personal finance management platform serving banks and lenders. Competes with Algoan at the data layer (Powens/Bridge partners) and increasingly at the scoring layer for French financial institutions.
- Credit Kudos: Open Banking-based credit scoring API serving UK lenders; acquired by Experian in 2022. Closely mirrors Algoan's credit decisioning-as-a-service value proposition and was its most direct UK competitor prior to acquisition.
Broad incumbents
- Plaid: Global Open Banking connectivity platform serving thousands of fintechs and lenders. Although primarily a data aggregation layer, Plaid's scale and entry into credit and risk products create competitive overlap with Algoan's Transaction Data layer.
- Experian: Global credit bureau incumbent that acquired Credit Kudos to add Open Banking scoring to its portfolio. Represents both a competitor (alternative data scoring) and a potential exit/partner for Algoan (Marc Gaudart, ex-Experian SVP, sits on Algoan's board).
- CRIF: Major European credit bureau and credit information provider active in Italy, France, and broader Europe. Overlaps with Algoan in consumer credit decisioning and Open Banking services for financial institutions.
- Tink: Visa-owned European Open Banking platform covering 18+ markets, including credit decisioning, risk insights, and account aggregation. Directly competes with Algoan's Transaction Data and Credit Insights products across Europe.
Emerging players
- Canopy: Open Banking data and analytics API used by lenders and fintechs for affordability and risk assessment. Comparable in API-first delivery and Open Banking aggregation focus, though focused more on affordability than full credit decisioning.
Others
- Powens: European Open Banking aggregation infrastructure provider that is both a key Algoan technology partner and a potential competitor. Powers PSD2 connectivity for many French and European lenders and could vertically integrate into credit decisioning.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Algoan social profiles
Digital presenceAlgoan compliance and trust
Trust signalCompliance3 records
Algoan financial estimates
Financial estimateRevenue estimate
Valuation estimate
Algoan leadership team
Management profileNumber of profiles
Profiles14 records
Algoan funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Algoan M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Algoan
What does Algoan do?
Algoan provides an Open Banking-based credit decisioning platform delivered via REST APIs to financial institutions. Its modular product suite retrieves customer banking data through PSD2-compliant aggregators, categorizes transactions, generates behavioral credit scores and solvency indicators, detects fraud, and orchestrates digital onboarding — enabling instant, document-free credit decisions for consumer credit, BNPL, auto financing, leasing, and credit card use cases.
Is Algoan a public or private company?
Algoan is a private company. It is classified as venture growth investor backed and is currently operating.
When was Algoan founded?
Algoan was founded in 2018. It employs 11 to 50 people.
Where is Algoan based?
Algoan is headquartered in Paris, France, in the Europe region.
How does Algoan make money?
Three revenue lines are on record. API consumption (Credit Insights, Credit Score, Transaction Data) is the primary driver. The others are dashboard subscription and technical and functional support subscription.
Who are Algoan's main competitors?
Direct peers on record are Aire, Wiserfunding, Budget Insight and Credit Kudos. Broad incumbents are Plaid, Experian, CRIF and Tink. Canopy is listed as an emerging player. Powens is listed as an others.
Does Algoan have an API?
Yes. Algoan offers a REST API for credit decisioning products. The API enables access to Credit Score, Credit Insights, and Shield products. A free plan allows 100 API calls/month; production quotas can be increased based on needs. API credentials (client_id and client_secret) are available via the console at console.algoan.com. Technical documentation is available at docs.algoan.com. Developer documentation is at docs.algoan.com.
What industry is Algoan in?
Algoan's product category is Credit Decisioning Software. Its primary akta.pro industry code is FSAGAIAD, BNPL Underwriting & Credit Decisioning Platforms, with a secondary code of FSAKACAE, BNPL Platform Infrastructure (APIs, Orchestration, Merchant Tools). Its NAICS code is 5223 and its SIC code is 6141.