Trusting Social delivers AI-led products to leading banks and finance companies, enabling them to provide credit to under-served consumers at scale.
Founded in 2013, Trusting Social delivers AI-led products to leading banks and finance companies, enabling them to provide credit to under-served consumers at scale. Today, Trusting Social’s credit insights cover more than a billion consumers and are used by more than 130 financial institutions across Vietnam, Indonesia, India and the Philippines.
Recent News: Headquartered in Singapore and operating across Vietnam, Indonesia, India and the Philippines, AI Fintech Trusting Social announced an undisclosed venture debt financing with Genesis Alternative Ventures.
“We have enjoyed a great partnership with Genesis. Venture debt solution allowed us to raise growth capital without high dilution. They have also been very supportive of our business through introductions to potential clients and partners,” said Jaideep Lakshminarayanan, CFO, Trusting Social.
“We are excited to be supporting Trusting Social’s growth as they increase their breadth of product offering, helping banks and financial institutions to increase their reach to the under-served consumers.” said Eddy Ng, Head of Investments and Portfolio at Genesis.
Impact & ESG
On top of providing AI-led products, Trusting Social is on a mission to fill that gap by providing credit scoring and improving access to financial services for such consumers which supports United Nations’ Sustainable Development Goal (Industry, Innovation & Infrastructure, Goal 9).
“Our ambition is to enable financial inclusion on an unprecedented scale, and Genesis will be helping us frame our reporting for this purpose.” – Nguyen Nguyen, Founder & CEO, Trusting Social.
Trusting Social’s data indicates that there are more than 1 billion borrowers scored in Asia with about 1 million customers enabled every month.
Catch Jaideep at the Genesis Forum where he and other industry leaders discuss “Accelerating Financial Inclusion Across Southeast Asia Through Fintech”.
