Credo Capital Partners is pleased to announce it has secured a milestone equity investment in the manager from FinRebel, a US based fintech investment fund led by Bruno del Ama. Bruno is a successful and experienced asset management and fintech entrepreneur and investor. He was the co-founder and CEO of Global X, a $30 billion asset manager that he sold to Mirae Asset.
Carlos-Adrián López, Co-Managing Partner of Credo states; “This investment is a key step in our evolution as we move from currently executing on our transaction pipeline to launching our new fund later this year. We are delighted to welcome Bruno onboard, bringing as he does such a successful track record in both the investment and the fintech market in both Europe and the US”.
Bruno del Ama, FinRebel, also comments; “There is a significant gap for SME and consumer lending fintechs in Europe to get access to balance sheet funding. I am glad to join the outstanding Credo partners to support the efforts to close this gap and help European fintechs scale and succeed”.
Following this investment Credo will continue to grow from its base in the Nordics and the UK, and will step-up its engagement with fintech firms across Europe. Credo leverages its proprietary technology and in-depth understanding of the market to provide funding to fintech lenders. By doing this in a simple and transparent manner we allow our partner fintechs to scale and exploit the huge opportunities which exist in Europe’s rapidly developing alternative lending market.
January 7, 2021
Credo Capital Partners joins hands with Scienaptic for sharper credit risk assessments
Scienaptic, the world’s leading credit decisioning platform provider, announced the deployment of its platform at Credo Capital Partners. This partnership will enable Credo to use advanced AI-powered technology for sharper credit assessment of financial assets and better performance monitoring. Using sharper credit assessment tools, Credo will further streamline its process for financial assets evaluation, creating attractive, risk diversified returns.
Pankaj Jain, President of Scienaptic says, “We are hugely excited about our partnership with Credo Capital Partners as it will create new opportunities for Credo to fund creditworthy financial assets previously deemed unfit. We look forward to helping Credo grow its presence as it builds out it’s strategy across Europe.”
David Sjöblom, Partner and CRO at Credo Capital Partners added, “We have spent extensive time looking for a data-driven credit assessment platform to support our launch in 2021. Scienaptic’s AI-powered credit assessment platform and strategy optimization tools will allow us to scale rapidly as we look to build out our portfolio across the UK, Sweden and other key Northern European markets. We expect it to add significant value to our investment strategies and create better returns for investors.”
About Credo Capital Partners:
Credo Capital Partners bridges capital markets and fintech to build the financial ecosystems of tomorrow. As a partner to investors, it provides unique access to normally non-accessible attractive financial assets primarily in Northern Europe. Credo Capital Partners leverages its track record & partnerships with the best alternative lenders to evaluate, buy, and sell financial assets creating attractive, stable and risk diversified returns to investors.
Scienaptic is the world’s leading AI-powered Credit Underwriting Decisioning platform company. Designed by seasoned CROs, its platform is creating industry-leading business impact in terms of lifts such as agile strategy optimization, higher approvals (15-40%), and lower credit losses (10-25%). Scienaptic’s clients include Fortune 100 banks, Credit Unions, Alternative lenders, and Fintechs.