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DirectID
Open banking credit & risk platform
- 21-100 employees
- Fintech
- B2B
- Banking
- Business Intelligence
- Financial Services
- SaaS
- Data Analysis
- Edinburgh, UK
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Company mission
To rebalance the credit model – creating a new world where everyone can access the affordable products and services they need.
Our take
Edinburgh-based DirectID is a global credit and risk platform that uses open banking data to optimise credit and risk decisions. It offers companies the chance to truly understand their customers’ financial profiles, which can help scale the business, improve efficiency, manage risk, and create fairer outcomes.
Credit decisions have traditionally been based on historic transactions, obtained from Credit Reference Agencies, or on self-declared information provided by the customer. This archaic approach only offers partial view of a customer’s credit history or financial health, and excludes many people who could successfully make repayments from being approved.
DirectID’s modern approach is seeing rapid uptake, with over 13,000 bank connections across over 65 countries, which gives it access to over 1.5 billion users. The company is well funded, with investment cited to support the launch of further advanced predictive models for credit and risk, as well as enabling DirectID to grow its offering into new markets.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- EMI share scheme that encourages ownership and a chance to share collectively in our successes
- Join a talented team working on challenging questions, where your input will be valued and have an impact
- Volunteering partnership
- Uncapped bike to work
- Flexible working
- Continuous Professional Development (CPD) personal budget to grow with us
- Monthly re-charge time, and generous holiday allowance which we encourage you to take
- Regular social clan events
Company values
- Brave at heart: We give feedback, We are receptive to feedback, We question things, We are always honest, We keep communicating
- For our customers: We care about our customers, We want them to succeed, We are customer centric, We engage with our customers, We know our customers
- One shared vision: We have a clear vision, We build and work towards the same goals, We align our purpose, top to bottom, We can see and input towards the road ahead, We know why we are here
- We're a clan: We're a team respectful of individuality, We work together to deliver, We have fun at work and outside, We are relaxed, even when things break, We are more than numbers
Funding (last 2 of 10 rounds)
Feb 2023
$9.5m
LATE VC
Jan 2022
$3m
CONVERTIBLE
Total funding: $25.6m
This company has top investors
Leadership
James Varga
(CEO)Previously served as CEO for miiCard, COO for Money Dashboard, Director for Ambergreen Internet Marketing, and Agency Director for lightershade.