4 months ago
The startup’s co-founder, who goes by the name Jacob, says that the main problem with the current credit-scoring models is that they’re too old. The current models don’t consider the latest credit scores, he explains, and only look at how many credit cards a user has. Jacob’s co-founder, who goes by the name Tim, says that his startup is working to solve the problem with an algorithm that models a user’s credit score based on their behavior and also looks at their credit card usage.
