Case Study: Ioanna's story as a Solutions Innovator

Case Study: Ioanna's story as a Solutions Innovator

"Since our graduation from the Investment Readiness program, we have launched our service in 24 countries across Europe, we have doubled our team and we have secured funding from private investors."

There are 510 million adults across the European Union who do not have a common credit score in order to interact with financial institutions, either within borders or abroad; a problem solved long ago in the U.S. Young people, self-employed, expats, and any average person like you and me, face challenges getting credit. Facilities and financial institutions rely on credit profile snapshots to make decisions. This has left more than 58 million Europeans without access to any credit facility whatsoever.


Finclude is going to change this with the launch of its service that enables fair access to credit; offering financial wellbeing in action. We are helping individuals achieve financial wellness through personal finance management and credit health checks. We enable those who are “credit invisible,” and those who do not meet the traditional criteria for a credit product, to get a fair shot. We give you ownership of your credit profile; with Finclude you know where you stand and how you can better your credit health.

Getting credit is a Catch-22 for individuals with a short credit history or “thin credit file” - they cannot get credit and build their credit history because according to default criteria they do not qualify for a credit line. Our approach uses an algorithm developed in-house that leverages machine learning and supplemental data (such as income, short-term debt, and outstanding loans) to alternatively assess an individual’s creditworthiness.

Our reports enable you to understand your financial position and give you the chance to improve your financial wellbeing. We also assist you to understand how to boost your credit health. We are the new way to assess creditworthiness driven by your actual, up-to-date financial data provided directly by you. Your data belongs to you and it is time you use it to your advantage.

Our technology lets you use your own data when applying for financial products. You submit your data and we create a multidimensional financial profile based on your input. We draw a complete picture of your financial health and you are free to use it as you wish. Greater financial inclusion also has an indirect impact on the Sustainable Development Goals: eliminating poverty (SDG 1), reducing hunger and food security (SDG 2), achieving good health and well-being (SDG 3), fostering quality education (SDG 4), promoting gender equality (SDG 5), promoting shared economic growth (SDG 8), innovation and sustainable industrialisation (SDG 9), equitable and peaceful societies (SDG 10 and 16).

We are honoured to have been included in the 3rd edition of the Youth Solution Report, as one of the 50 youth-led companies worldwide promoting the SDGs. Within this context, we were given the opportunity to take part in the SDSN Youth Investment Readiness Program, where we had the chance to interact with other 49 like-minded entrepreneurs from around the world and learn from their experiences. Since our graduation from the Investment Readiness program, we have launched our service in 24 countries across Europe, we have doubled our team and we have secured funding from private investors. Combining innovation and sustainability is a safe bet when creating opportunities for growth, entrepreneurship, and success.

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