Two leaders in credit decisioning for emerging markets, Lenddo and EFL, are joining forces. 

Lenders will use our unique platform to provide individuals worldwide with unprecedented, affordable access to convenient financial products.

Our companies come together united by the common vision of providing financial inclusion for more than one billion new and underserved individuals across the globe. We will together provide a suite of credit scoring and identity verification products to more than 20 emerging markets.

Our companies have individually facilitated over 5 million credit assessments since inception, allowing more than 50 financial institutions to disburse over $2 billion USD in credit to people with limited information. Together we will work directly with banks, telcos, retailers, microfinance institutions and insurers to serve individuals and small businesses. The organizations will benefit from having access to the best globally-available data and leading machine learning and risk modeling techniques, enabling them to serve new and underbanked populations safely, quickly and cost-effectively. Individuals with little to no credit history will be able to choose if and when to use their own digital data, such as psychometric, social media, and mobile phone data, to access the financial services they need.

The first joint product offering is already live in Asia and Latin America, with additional products and features scheduled for release in the coming months. More details about the new, combined company will be announced later this year.


Richard Eldridge
CEO of Lenddo

“With this merger, we’re delivering on our shared commitment to power leading financial institutions with cutting edge technology to serve emerging markets. We’re excited to advance our mission of financial inclusion on a global scale and work as one, united organization to bring together the best new digital and non-traditional data sources for credit scoring and verification.”


Jared Miller

“We’re thrilled to join forces with Lenddo and create an undisputed, global category leader in alternative data for credit decisioning. This merger will allow us to apply the right data at the right time on a per client basis, allowing people to use their digital profile to increase their financial options. Financial institutions across emerging markets will be able to predict risk like never before through the combination of our data sources and innovative risk modeling techniques.”

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Lenddo began in 2011 when the founders of an outsourcing company in the Philippines noticed their hard-working, middle class employees kept asking for loans. Why were they being excluded from financial services? 

Today, Lenddo works to improve financial inclusion around the world, enabling financial service providers to access and serve new and underserved markets using its disruptive technology and leveraging new sources of data, such as mobile and digital footprints. Lenddo's product suite includes credit scoring, where it processes hundreds of thousands of applications each month, in addition to digital verification and marketing insights solutions.

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EFL began as a research project in 2006 at Harvard University, asking how can we determine if someone is credit worthy if they lack credit history, collateral and other traditional information? 

Today, EFL helps lenders in emerging markets responsibly say yes to borrowers when others are forced to say no due to lack of information. EFL has developed a universal digital credit scoring technology that leverages psychometrics and behavioral science to effectively score anyone, anywhere, at any time. With 10 years of experience enabling over $1.6 billion in loans globally, EFL serves leading financial institutions across Latin America, Asia, Africa and Europe.

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