SelfScore, a financial services startups for international students, has raised $7.1m in a new round of funding led by Pelion Venture Partners. Accel Partners and Aspect Ventures also contributed to the round.
Palo Alto-based SelfScore aims to provide international students, who do not have existing US credit scores, with access to services such as student loans and credit cards.
The company says that it measures customers’ credit on their potential to make repayments rather than their history. It also aims to help users build up a credit score and uses data and machine learning to understand changes in a borrower’s finances.
SelfScore currently offers one major credit card to users, but says it will use the capital to add new tiers to the services, as well as invest in hiring and marketing.
The new funding brings the total raised by SelfScore to almost $13.4m.
Copyright © 2016 FINTECH GLOBAL