Credit Bank, a fast-growing fintech startup, has successfully raised $15 million in fresh funding to expand its mission of making credit more accessible. The company focuses on providing loans to individuals with no formal credit history, addressing a key challenge faced by millions of first-time borrowers worldwide.
The funding round was led by a group of venture capital firms already active in the financial inclusion space. According to Credit Bank, the new capital will be used to scale its technology infrastructure, strengthen underwriting models, and expand operations into new markets.
Unlike traditional lenders, Credit Bank uses alternative data sources—such as utility payments, mobile phone usage, and employment records—to assess a borrower’s repayment ability. This approach allows people who are often excluded from the formal credit system to access small personal loans and build their financial history.
Industry analysts believe the fresh investment signals growing confidence in fintech solutions that target underserved communities. As one investor noted, “Credit Bank is tackling one of the most pressing problems in emerging and developed economies alike—the lack of access to credit for millions of people. Their model is both inclusive and scalable.”
With the $15M injection, Credit Bank plans to enhance its AI-driven risk assessment tools and partner with regional banks to widen its reach. If successful, the company could play a pivotal role in reshaping how lending works for individuals outside traditional credit scoring systems.
