Breaking News

SelfScore raises $7.1 million to help international students get credit in the U.S.

A startup called SelfScore has raised $7.1 million in new venture funding to help bring much-needed financial services to international students at U.S. colleges and universities.

SelfScore advertises as the International Student’s MasterCard, and largely that’s what it is today.

Here’s how the company is distinct from other banks and credit card providers serving foreign students, Kapadia said, “We measure a borrower’s credit potential instead of their history….We also help them build a credit score through credit education.”

Once the company has given borrowers access to a credit card, SelfScore uses machine learning, and data from Facebook and LinkedIn to understand when they are going through major life changes that could impact their finances.

TechCrunch (24 Aug)