LenddoEFL
LenddoEFL is a Singapore-based fintech that provides AI-driven alternative credit scoring, psychometric assessment, and eKYC identity verification to banks, MFIs, NBFCs, and lenders serving underbanked populations across 20+ emerging markets.
- Company typePrivate
- Founded2011
- HeadquartersSingapore, Singapore
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What LenddoEFL does
LenddoEFL is a Singapore-headquartered fintech company that builds alternative credit scoring and digital identity verification products for financial institutions serving underbanked and thin-file populations in emerging markets. Its solutions are designed for lenders that cannot rely on traditional credit bureau data because a large share of their target applicants have little or no formal credit history, and the company positions its offering as a way to convert behavioral, psychological, and digital signals into usable credit risk decisions.
The product suite is built on an AI and advanced analytics platform that ingests consent-based alternative data including psychometric questionnaire responses (structured around the "Big Five" personality traits framework), smartphone digital footprint data (contact lists, calendar entries, app installations, usage patterns), banking and utility payment histories, and behavioral signals. Core offerings include Credit Scoring products, a Psychometric Assessment for thin-file applicants, Digital Footprint Analysis, eKYC for mobile-based identity verification, and a proprietary Score Confidence algorithm that flags low-quality assessments via five indicators. The company claims to have assessed over 7 million people and facilitated more than $2 billion in loans across 20+ countries.
Commercially, LenddoEFL operates a B2B enterprise model targeting banks, microfinance institutions (MFIs), non-banking financial companies (NBFCs), and lenders, with regional presence in Singapore, Boston, the Philippines, and India. Revenue is generated through subscription-based recurring service agreements combined with per-transaction pricing on multi-year contracts, and the company has shifted from high upfront engagement fees toward lower initial costs with ongoing service charges. Distribution leverages direct enterprise sales alongside channel partnerships with credit bureaus (CTOS in Malaysia) and embedded integrations with banking platforms (RCBC in the Philippines, OCB in Vietnam). The company was formed in 2017 through the merger of Harvard-incubated Entrepreneurial Finance Lab and Singapore-based Lenddo.
LenddoEFL firmographics
Firmographics- Name
- LenddoEFL
- Legal name
- LenddoEFL
- Website
- https://lenddoefl.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- LenddoEFL is a Singapore-based fintech that provides AI-driven alternative credit scoring, psychometric assessment, and eKYC identity verification to banks, MFIs, NBFCs, and lenders serving underbanked populations across 20+ emerging markets.
- Ownership category
- akta.pro rank
Where LenddoEFL is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices4 records
Markets served
LenddoEFL business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Credit Scoring Software Solutions: B2B software solutions sold to financial institutions for credit risk assessment. LenddoEFL provides credit scores, verification services, and consumer insights to help lenders assess underbanked applicants. Revenue generated through service agreements with banks, MFIs, and other lenders.
- Per-Transaction Pricing: The company recently simplified its pricing model, lowering upfront engagement costs in favor of recurring service charges. This allows value delivery immediately for cross-selling/upselling opportunities and ongoing basis rather than lump-sum upfront fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | Enterprise B2B pricing for financial institutions |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels5 records
LenddoEFL product offering
Product offeringCore offering
LenddoEFL provides AI-driven alternative-data credit scoring and digital identity verification software to banks, microfinance institutions, NBFCs, and lenders operating in emerging markets. Its products combine psychometric assessments, smartphone digital-footprint analytics, and behavioral data to generate credit scores for thin-file and underbanked applicants, complemented by an eKYC solution and a proprietary Score Confidence data-quality layer. The company sells these capabilities to financial institutions on a subscription and per-transaction basis rather than directly to end consumers.
Product overview
LenddoEFL is a fintech company offering alternative credit scoring and identity verification solutions for financial institutions serving underbanked populations. The core offering consists of Credit Scoring Products and Psychometric Assessment, which use AI and advanced analytics to evaluate creditworthiness based on behavioral and psychological data rather than traditional credit histories. The company also provides eKYC (Electronic Know Your Customer) for digital identity verification and Score Confidence as a data quality assurance layer. These products work together to help lenders assess thin-file applicants who lack traditional credit records: psychometric assessments measure personality traits and financial decision-making, digital footprint analysis provides behavioral insights from mobile device data, eKYC enables remote identity verification, and Score Confidence ensures assessment integrity by flagging low-quality data.
Differentiator
Problem solved
Functional benefit
Products and services
- Credit Scoring Products
- Psychometric Assessment
- eKYC Digital Identity Verification
Quantifiable outcome
- Reduce loan defaults by 12% while increasing approvals by 15%
- +5 more outcomes
Companies that use LenddoEFL
Customer profileNamed customers11 records
Segments3 records
Ideal customer profiles3 records
LenddoEFL technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability7 records
Feature5 records
LenddoEFL partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Oxfam PilipinascoreLenddoEFL participated in Oxfam webinar for launch of B Ready study on disaster risk financing. The B Ready project focuses on digital weather forecasting and digital financial technology for disaster-prone communities in the Philippines.
- iDE Ghana (Sama Sama Social Enterprise)corePartnership to deliver mobile-based credit risk model for sanitation loans in Ghana. Uses psychometrics-based predictive model to assess loan worthiness, reducing turnaround time from 2 weeks to 2 days and significantly growing the loan portfolio.
- Oxfam PilipinascorePartnership for disaster recovery and financial inclusion. LenddoEFL provides eKYC digital identity verification solutions free of charge to support disbursement of funds to families displaced by disasters. Previously partnered in 2018 following Typhoon Ompong to streamline financial assistance to over 1,000 farmers in Cagayan province.
- RCBC (Rizal Commercial Banking Corporation)corePartnership for end-to-end digital verification and authentication solution (eKYC) enabling unbanked Filipinos to open deposit accounts, apply for loans, and access financial services through RCBC's DiskarTech virtual bank in less than 5 minutes.
- CTOS Data SystemscorePartnership with Malaysia's largest credit reporting agency to enable access to financing for Malaysian consumers with little to no credit history. Joint vision of financial inclusion combining CTOS's credit data with LenddoEFL's alternative credit scoring.
- OCB (Orient Commercial Bank)coreFirst bank in Vietnam to offer LenddoEFL's psychometric scoring solution to serve self-employed and salaried members who lack traditional financial and credit information.
- Juhudi KilimominorKenyan microfinance provider testing LenddoEFL/EFL Global's psychometric assessment for smallholder farmers. Pilot funded by Mastercard Foundation showed clear risk discrimination between score quintiles.
- SupermoneyminorVietnamese partnership for alternative credit scoring services.
- LodexminorPartnership with Australian marketplace to bring social scoring technology to Australia, helping consumers with lack of formal credit history create a credit story using digital footprint data.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
LenddoEFL competitors and assessment
Company assessmentOthers
- Equifax: One of the three major global credit bureaus, offering credit reporting, scoring, and increasingly alternative data analytics. Compares to LenddoEFL as a large incumbent adding alternative-data layers to traditional bureau products for lenders.
Emerging players
- Provenir: AI-powered risk decisioning platform serving lenders and fintechs with real-time credit, fraud, and onboarding decisions. Comparable to LenddoEFL as a data-driven decisioning vendor to financial institutions, though focused on broader decisioning workflows rather than psychometric or thin-file specialization.
- Destacame: LATAM alternative credit data platform providing open-banking-based scoring and credit reports to consumers and lenders in Chile, Mexico, and Peru. Comparable to LenddoEFL's LATAM alternative scoring work, though focused on open banking rather than psychometric data.
- Zest AI: AI credit underwriting software that helps lenders use machine learning on alternative and traditional data to improve approvals and reduce losses. Comparable to LenddoEFL as an AI-native alternative-data credit decisioning vendor selling to banks and lenders.
- Tala: Mobile-data-based lending and credit platform focused on underbanked consumers in emerging markets (Mexico, Kenya, India, Philippines). Comparable to LenddoEFL for its alternative-data underwriting of thin-file consumers, though Tala lends on its own balance sheet rather than selling scoring infrastructure.
- NovaCredit: Cross-border credit data and scoring company that translates international credit histories for use by U.S. lenders, with expansion into emerging markets. Comparable to LenddoEFL as an alternative-data scoring platform helping lenders assess consumers outside traditional bureau footprints.
Broad incumbents
- Experian: Global credit bureau and information services company that has been expanding alternative data and emerging-market credit capabilities. Comparable to LenddoEFL in serving FI clients with credit scoring and decisioning, but operates as a broad incumbent across consumer and commercial credit worldwide.
- TransUnion: Global information and insights company, including credit reporting and emerging-market analytics through subsidiaries such as CIBIL. Comparable to LenddoEFL in serving lenders with credit risk data, particularly in emerging markets like India where TransUnion CIBIL has strong reach.
- FICO: Long-established credit scoring and analytics provider to banks and lenders globally, including FICO Score and decisioning suites. Comparable as a foundational credit-scoring provider whose offerings lenders compare against LenddoEFL's alternative scoring proposition.
Direct peers
- Cignifi: Mobile behavioral data scoring provider for emerging market lenders, using telecom and smartphone signals to assess credit risk. Closest direct peer to LenddoEFL in combining alternative data, emerging-market focus, and B2B scoring-as-a-service for financial institutions.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat5 records
Key highlights7 records
Customer concentration
LenddoEFL social profiles
Digital presenceLenddoEFL financial estimates
Financial estimateRevenue estimate
Valuation estimate
LenddoEFL leadership team
Management profileNumber of profiles
Profiles13 records
LenddoEFL funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
LenddoEFL 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 LenddoEFL
What does LenddoEFL do?
LenddoEFL provides AI-driven alternative-data credit scoring and digital identity verification software to banks, microfinance institutions, NBFCs, and lenders operating in emerging markets. Its products combine psychometric assessments, smartphone digital-footprint analytics, and behavioral data to generate credit scores for thin-file and underbanked applicants, complemented by an eKYC solution and a proprietary Score Confidence data-quality layer. The company sells these capabilities to financial institutions on a subscription and per-transaction basis rather than directly to end consumers.
Is LenddoEFL a public or private company?
LenddoEFL is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was LenddoEFL founded?
LenddoEFL was founded in 2011. It employs 51 to 100 people.
Where is LenddoEFL based?
LenddoEFL is headquartered in Singapore, Singapore, in the Asia region.
How does LenddoEFL make money?
Two revenue lines are on record. Credit Scoring Software Solutions are the primary driver. The others are per-Transaction Pricing.
Who are LenddoEFL's main competitors?
Equifax is listed as an others. Emerging players are Provenir, Destacame, Zest AI, Tala and NovaCredit. Broad incumbents are Experian, TransUnion and FICO. Cignifi is listed as a direct peer.
Does LenddoEFL have an API?
No public API is recorded for LenddoEFL.