CreditBridge
Raising
৳3,000,000
Stage
Pre-Seed
Sector
FinTech
Ask Amount
৳3,000,000
Sector
FinTech
Stage
Pre-Seed
Location
Chittagong
Business Overview
Problem
65% of Bangladeshis lack formal credit history, making them ineligible for bank loans despite being creditworthy based on their actual financial behavior.
Solution
CreditBridge uses alternative data — mobile usage patterns, utility payments, and merchant transaction history — to generate credit scores for the unbanked population.
Target Market
Targeting 40 million unbanked adults in Bangladesh who need access to formal credit for business and personal needs.
Traction
Pilot with 500 users. 78% approval rate for loans facilitated. Partnership with 2 MFIs for loan disbursement.
Use of Funds
AI model development (50%), Regulatory compliance (30%), Team expansion (20%)
Key Metrics
Loan approval rate: 78%
Average loan size: ৳25,000
Default rate: 2.1%
Deal Information
Disclaimer: Investment involves risk. This is not financial advice. Please conduct your own due diligence before investing.