Startup gives expats and students a fairer credit rating
We’re constantly looking for innovative ways to improve the Springwise experience, and so we’re now introducing BeeLine Reader, a new technology that helps you read more quickly and efficiently. To learn more about BeeLine Reader, an award-winning startup funded by Intel Capital, see BeeLineReader.com.
Nearly 4.5 billion people don’t have a formal credit score, meaning they cannot access loans or credits cards. Often these are expats, migrants or students who simply have a thin file — which reflects badly in traditional credit scoring models. Now, Aire promises to calculate a fair credit score for these potential borrowers — based on self-submitted data rather than past repayment history — and enable them to gain access to important financial products.
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