Aire is launching its Credit API at FinovateEurope 2015. The API enables lenders to use Aire to perform a credit check when traditional data doesn’t exist in the credit bureaus.
The immediate benefit is the ability to re-score applicants when no data exists on their bureau file. This enables lenders to expand the pool of eligible applicants by removing the no-data problem.
The API can also be used as a credit enhancement amongst other use-cases that we are excited to see companies explore. The signup for the API will also open at FinovateEurope for our partners.
Presenters: Cofounders Aneesh Varma and Jon Bundy
Product launch: February 2015
Metrics: Aire is a TechStars company; 7 employees
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions and through other fintech companies and platforms
HQ: London, United Kingdom
Founded: January 2014
Website: aire.io
Twitter: @airescore