Nordigen raises $800k funding

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Nordigen raises $800k funding

Nordigen raises $800k funding from Seedcamp and Finnish venture capital firm Inventure

  • Nordigen is a Latvia-based lending start-up established in 2016 aims to help creditworthy people get access to loans
  • Banks rejects 90% of all loan applications based on their decisions on credit history reports from credit bureaus
  • Nordigen’s core product allows a lender to verify a customer’s real income and spending habits to make the first assessment of their creditworthiness
  • The firm says its “secret sauce” is the ability to identify risk-critical behaviors in customer account data
  • Using the fund firm will hire across the board with a focus on sales and business development