What Scorify does

Scorify is a Vilnius-based private data analytics company that builds AI and machine learning solutions for credit risk assessment and customer behavior prediction. Founded in 2020 and operating as UAB "Scorify" (company code 302423183), the company serves financial institutions (banks, lenders, P2P platforms, factoring companies), telecommunications operators (including Tele2 and Telia Lietuva), and individual consumers primarily in Lithuania, with nascent activity in Latvia.

The core product portfolio centers on the proprietary GOscore model family (Credit Risk, Customer Needs, Customer Retention, Recovery Probability, and Monitoring), complemented by the nBKA data integration system that synchronizes information across nine Lithuanian national registries, two credit bureaus, and the Bank of Lithuania's Loan Risk Database, and the nBTS regulatory reporting system enabling simultaneous submission to Bank of Lithuania and Creditoria. Additional offerings include automated bank statement transaction categorization across 55 income and 88 expense categories, sustainable income calculation per Bank of Lithuania requirements, the consumer-facing Mano Scorify credit score portal, and the My IMEI device verification system built in cooperation with the Lithuanian Police and three telecom operators.

The company generates revenue through enterprise licensing and subscriptions for its B2B solutions, usage-based fees for bank statement processing, data monetization via credit reports covering 40+ financial health indicators, consumer subscription fees for credit score monitoring, and professional services for credit risk framework consulting and regulatory report preparation. Distribution is primarily through direct enterprise sales to financial institutions and telecom operators in Lithuania, supported by a self-serve B2B portal (b2b.scorify.ai) and consumer portal (manoscorify.lt). The company has relied substantially on EU Regional Development Fund grants and Norwegian Financial Mechanism funding (totaling approximately 3.35M EUR across four projects from 2019-2021) to fund R&D, suggesting commercial revenue is still early-stage and the business has not yet attracted traditional venture or private equity capital.

Name

Scorify

Legal name

UAB "Scorify"

Website

https://scorify.ai

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Scorify is a Vilnius-based AI/ML data analytics company providing credit risk assessment models, regulatory data integration systems, bank statement analytics, and consumer credit score platforms to financial institutions, telecom operators, factoring companies, and individuals primarily in Lithuania and the Baltic region.

Ownership category

akta.pro rank

Product category

Credit Risk Analytics Software

NAICS

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

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Credit Monitoring, Portfolio Analytics & Early Warning Systems (FSAGAHAJ)

akta.pro secondary industries

Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC), Credit Score Monitoring & Credit Building (FSAGADAE), Risk Analytics, Portfolio Monitoring & Early-Warning (Consumer Credit) (FSAKAKAH)

Keywords

• Credit risk scoring
• AI risk analytics
• Bank statement analytics
• Regulatory data reporting
• Customer behavior prediction

Headquarters

HQ city

Vilnius

HQ country

Lithuania

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. B2B Data Analytics and Software Solutions: Scorify provides AI and machine learning-based analytics solutions to financial institutions, telecom companies, and other businesses. These include credit risk assessment models (GOscore), data integration systems (nBKA), and regulatory reporting tools (nBTS). Revenue is generated through solution licensing, implementation, and ongoing service fees to business clients.
2. Credit Scoring and Risk Assessment Models: Proprietary GOscore models sold as standard or customized solutions for credit risk, customer needs, customer retention, and recovery probability. Includes model adaptation services for specific client segments.
3. Data Provision and Credit Reports: Access to large-scale datasets including credit bureaus, national registers, and alternative data sources. Credit reports evaluating financial health across 40+ indicators from multiple data providers, offered at varying levels of detail.
4. Bank Statement Processing Services: Transaction categorization and sustainable income calculation as a service. Categorizes raw bank statement data into income/expense categories and calculates sustainable income per regulatory requirements.
5. Consumer Credit Score Services (Mano Scorify): Consumer-facing portal providing credit scores, credit history reviews, and credit score monitoring with automated change notifications via email or text. Subscription-based monitoring service for individuals.
6. Consulting Services: Advisory services on credit risk assessment frameworks, banking license preparation, GOscore report preparation for supervisory authorities, fraud prevention solution implementation, and independent audits of existing risk solutions.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Scorify provides AI and machine learning-based data analytics software for credit risk assessment, customer behavior prediction and regulatory reporting, primarily to financial institutions, telecommunications operators and factoring companies in the Baltic states. Its core offering is the GOscore suite of predictive models together with the nBKA and nBTS data integration and reporting platforms, complemented by bank statement analytics and a consumer-facing credit score portal.

Product overview

Scorify is a data analytics company offering a comprehensive B2B platform for credit risk assessment and customer behavior prediction. The portfolio consists of three interconnected product categories: (1) AI-powered GOscore predictive models covering credit risk, customer needs, retention, and recovery probability; (2) data infrastructure including nBKA system for multi-source data integration, nBTS system for regulatory reporting, and bank statement services with transaction categorization and sustainable income calculation; and (3) consumer-facing portals including Mano Scorify for credit score access and My IMEI for device verification. The platform serves financial institutions, telecommunications companies, and factoring companies across Lithuania and the Baltic region.

Differentiator

Problem solved

Functional benefit

Products and services

• GOscore Credit Risk Model AI/ML predictive model that forecasts the financial standing, repayment behavior and creditworthiness of individuals and legal entities, enabling increased targeted sales and decreased potential losses; customizable to specific client segments.
• GOscore Customer Needs Model Predictive model that forecasts the needs of individual and corporate customers to enable personalized service and targeted product/service offerings.
• GOscore Customer Retention Model Predictive model that forecasts customer churn intention and optimizes resource allocation for retention activities and debt collection strategy selection.
• GOscore Recovery Probability Model Predictive model that forecasts the probability of debt repayment to enhance collection efficiency and optimize resource deployment.
• Bank Statement Categorization Service Automated categorization of raw bank statement data into 55 income and 88 expense categories, including dedicated risk categories, with PDF support and Berlin Group NextGenPSD2 standard compliance.
• Sustainable Income Calculation Automated calculation of 4, 6 and 12 month sustainable income in accordance with Bank of Lithuania requirements, with methodology continuously updated per regulatory changes.
• nBKA System Data integration system that synchronizes data from credit bureau Creditoria, Bank of Lithuania's nPRDB, Real Estate Register, NAR, Property Seizure Register and Social Security Fund, providing automated register requests, instant liability data, calculated DSTI ratio and structured results.
• nBTS System Regulatory reporting system that enables simultaneous data submission to Bank of Lithuania's Loan Risk Database (nPRDB) and Creditoria credit bureau with validation capabilities.
• Credit Reports Comprehensive credit and financial health assessment tool that evaluates 40+ indicators — credit risk, obligations, tax compliance, awarded public tenders, vehicle fleet and historical trends — sourced from credit bureaus and other providers.
• External Registers Data Access Single-point access to all major Lithuanian national registries (population, real estate, social security, loan risk database, property seizure, mortgage, credit restrictions, wanted persons) plus bank account and credit bureau systems.
• Mano Scorify (My Scorify) Consumer-facing credit score and credit history portal that analyzes data from credit bureau Creditoria (including consumer credit providers, P2P lending platforms, telecoms and leasing companies) so individuals can check their credit score, review payment history and subscribe to monitoring with automatic change notifications.
• My IMEI Device verification service that lets users check information about a specific mobile device using its IMEI number, developed in cooperation with the Lithuanian Police and telecoms Telia Lietuva, Tele2 and Bitė.
• Factored Risk Assessment System for Factoring Companies AI/ML-powered factoring risk assessment solution that combines traditional risk models with machine learning to assess overall client risk and micro-risks at the individual funded invoice level, integrating both traditional and alternative data sources.
• Consulting Services Advisory engagements covering banking license preparation, GOscore report preparation for supervisory authorities, credit risk framework enhancement, fraud prevention solution implementation and independent audits of existing risk solutions.

Quantifiable outcome

• 40% increased productivity (according to Forbes on AI benefits in business)
• +5 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability7 records

Feature12 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• Faktoro (UAB Taurus fondas)coreStrategic or Co-development Partner · 1 December 2021Factoring company operating under the Faktoro brand. Scorify co-developed an advanced factoring risk assessment solution with Faktoro, funded by Norway Grants. The solution combines traditional risk assessment models with AI and machine learning to assess overall client risk and micro-risks at individual invoice level. Both traditional and alternative data are integrated. The CEO of Faktoro (Algirdas Gutauskas) stated this would improve competitiveness and allow faster credit decisions for SMEs.
• International Development Norway ASminorStrategic or Co-development Partner · 1 December 2021Norwegian partner in the Norway Grants co-funded project for developing advanced risk assessment solutions for factoring companies. Contributed to the project's international development perspective.
• Smart Finance Solutions ASminorStrategic or Co-development Partner · 1 December 2021Partner in the Norway Grants co-funded factoring risk assessment project. Provided expertise in financial technology solutions for the joint development effort.
• Vilnius University (Dr. Marijus Radavičius)coreStrategic or Co-development Partner · 1 December 2021Professor Dr. (HP) Marijus Radavičius from Vilnius University joined the data science team for the factoring risk assessment project. His expertise in statistical modeling is central to ensuring high model efficiency and transparency/explainability, which is required in regulated credit risk assessment environments.
• UAB FintegrycoreStrategic or Co-development Partner · 1 August 2020Second EU co-funded project with Fintegry for AI-based bank statement analytics tools. Project budget 1.6M EUR, with 1.2M EUR from EU regional development fund. Three AI-powered bank statement analysis tools to be created: SME credit risk assessment, SME financial indicator forecasting based on bank statements, and bank statement categorization algorithm system for individuals and legal entities.
• Creditinfo LietuvacoreStrategic or Co-development Partner · 1 February 2019Credit bureau Creditinfo Lietuva partnered with Scorify and Fintegry on an EU co-funded R&D project to create forecasting models that enable companies to predict customer behavior and make more informed business decisions. Creditinfo applies an open data policy, providing partners access to its credit bureau data for credit risk management, forecasting, and modeling services. Project budget of 1.658M EUR, co-funded by EU regional development fund.
• UAB FintegrycoreStrategic or Co-development Partner · 1 February 2019IT solutions company developing technology for modern business. Partnered with Scorify and Creditinfo Lietuva on an EU co-funded R&D project to create customer behavior forecasting models. Fintegry contributed IT development expertise while Scorify provided data analytics and prediction technology. Project budget 1.658M EUR.
• Telia LietuvacoreTechnology or IntegrationTelecom operator Telia Lietuva partners with Scorify on the My IMEI system for mobile phone theft and device fraud prevention. Telia contributes telecom data to the system allowing users to verify device information using IMEI numbers.
• Tele2coreTechnology or IntegrationTelecom operator Tele2 partners with Scorify on the My IMEI system for mobile phone theft and device fraud prevention. Tele2 contributes telecom data to enable device verification via IMEI numbers.
• BitėcoreTechnology or IntegrationTelecom operator Bitė partners with Scorify on the My IMEI system for mobile phone theft and device fraud prevention. Bitė contributes telecom data to the device verification system.
• Lithuanian PolicecoreStrategic or Co-development PartnerThe Lithuanian Police collaborate with Scorify on the My IMEI system to combat mobile phone theft and device fraud. The system allows users to verify device information using IMEI numbers, contributing to law enforcement efforts against device-related crime.
• Creditoria (Credit Bureau)coreTechnology or IntegrationCredit bureau Creditoria is integrated into Scorify's nBKA and nBTS systems, providing credit bureau data for credit risk assessment. Scorify's consumer portal Mano Scorify analyzes Creditoria data including information from consumer credit providers, P2P lending platforms, telecom companies, and leasing companies. nBTS enables simultaneous data submission to Creditoria and Bank of Lithuania's nPRDB.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Tink (Visa): European open-banking data platform (now owned by Visa) that aggregates bank-account data and powers PSD2-based analytics; competes with Scorify's bank-statement categorization and sustainable-income products on pan-EU scale.
• Zest AI: US-based AI credit-underwriting platform applying machine learning to borrower risk assessment for lenders — directly comparable in technology stack (AI/ML-based credit scoring) and target customers (financial institutions), though serving primarily the US market.
• Plaid: Global data-aggregation platform enabling bank-account connectivity and transaction data enrichment — overlapping with Scorify's bank-statement ingestion and transaction categorization layer across consumer and SME lending.
• LenddoEFL: Alternative-data credit scoring provider focused on emerging-market and underbanked borrowers, using non-traditional data sources — directly comparable to Scorify's alternative-data and bank-statement-based scoring approach.

Broad incumbents

• Experian: Global credit bureau and analytics incumbent operating across consumer credit reporting, scoring, and risk analytics; competes broadly in the same end markets as Scorify but at much larger scale and with cross-border coverage.
• Equifax: Global credit bureau and analytics provider offering consumer credit reports, commercial credit risk, and fraud/identity products — overlapping with Scorify's credit-risk assessment and monitoring use cases for large institutions.
• TransUnion: Major international credit bureau with consumer and commercial credit information services, risk analytics, and decisioning tools — a broad incumbent covering the same credit-risk analytics category as Scorify's GOscore products.

Direct peers

• Creditinfo: Credit bureau operator across the Nordics and Baltics; Creditinfo Lietuva is already a Scorify partner and serves overlapping credit-bureau and analytics needs of Lithuanian lenders — the most direct comparable in geography and product.
• Creditoria: Lithuanian credit bureau whose data is integrated by Scorify's products; provides consumer credit reports and monitoring in the same Lithuanian market that Scorify serves, including on the Mano Scorify consumer portal.
• Fintegry: Lithuanian IT solutions firm and repeated Scorify co-development partner on EU-funded R&D projects — operates adjacent in financial-data and analytics services for Lithuanian financial institutions.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks2 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/scorifyai

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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 Scorify