Juvo rakes in $14m to bring credit scores to mobile operators

Credit scoring company Juvo has raised $14m in a new round of venture funding.

The investment comes from Freestyle Capital, Seed-Resolute and Wing Venture Capital, as well as former Vodafone CEO Arun Sarin and former NYSE CEO Duncan Niederauer.

Juvo partners with mobile operators to provide them with what it call ‘identity scores’ for their subscribers.

By increase what operators know about their users these can act as credit scores and allow operators to offer financial services to consumers who might not typically be able to access them.

The company say the identity score is generated using data science, machine learning and game mechanics technology.

It will use the capital to expand its operations globally.

Copyright © 2016 FINTECH GLOBAL

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