💵 Credit Bank Raises $15 Million to Expand Lending for the Credit-Invisible – Credit Bank, a fintech company focused on offering loans to individuals without traditional credit scores, has successfully raised $15 million in a Series A funding round. The capital will be used to expand its lending platform and deepen access to fair financial services for underserved borrowers.
🏦 What Makes Credit Bank Different?
Credit Bank uses alternative data — such as rent payments, utility bills, mobile usage, and employment history — to assess creditworthiness instead of relying on conventional credit scores. The model aims to bring financing to:
- Young adults with thin credit files
- Immigrants without FICO scores
- Gig workers and freelancers
- Unbanked or underbanked communities
đź’¬ Leadership Commentary
CEO Lena Ortiz said:
“Traditional credit scoring systems exclude millions of responsible people. Our goal is to unlock fair credit for everyone — not just those with perfect paperwork.”
She added that the new funding will support product development, regulatory integration, and strategic hiring.
đź’¸ About the Funding
- Amount raised: $15 million
- Led by: Future Capital, with participation from SeedSpark and TrustLine Ventures
- Use of funds:
- Expand into new U.S. states
- Upgrade AI-based underwriting tools
- Launch mobile app features for loan tracking and financial education
đź“Š Market Potential
More than 45 million Americans are considered “credit invisible” — lacking sufficient data in traditional credit bureaus. Credit Bank’s solution directly targets this gap, providing a socially responsible and scalable lending model.
âś… Bottom Line
With $15 million in fresh capital, Credit Bank is poised to become a leading force in inclusive finance. By rethinking how creditworthiness is measured, it aims to give financial power to those long ignored by traditional banking systems.