VENDOR · UK
UK fintech raises £2.3M to overhaul credit scoring methodology
An unnamed UK fintech secured £2.3M (~$3M USD) funding to develop alternative credit-scoring models, signaling investor appetite for AI-driven alternatives to legacy FICO-style frameworks in underwriting.
WHY IT MATTERS
Alternative credit models (alternative data, AI-native scoring) are becoming investable category; banks piloting these systems can unlock access to previously unscored borrowers and reduce bias.
Source: Bdaily · 2026-08-21