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MyLifeKit
Health-focused credit scoring
- 1-20 employees
- Credit Scoring
- B2B
- Personal health
- Holborn, London, UK
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Company mission
On a mission to provide a holistic view of people’s life which will make it easier for them to be defined and get approved for financial products
Our take
MyLifeKit provides value at the conjunction of two major trends: smarter personal healthcare and data-enhanced lending.
At the moment, more than 5 million adults in the UK have a ‘thin’ credit file, leading to a 32% rejection rate on loans like Mortgages.
MyLifeKit will be releasing their LifeScore platform in response. Like a credit score, LifeScore will use a numerical value to immediately communicate credit ‘worthiness’ to insurance and banking providers but will differ by taking health data points into consideration. There is no other offering which combines credit and health analysis into a single score.
The challenge for the startup will be establishing trust in their revolutionary credit-scoring system not only amongst financial stakeholders but also users with privacy concerns.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- 25 days + bank holidays
Funding (1 round)
Feb 2022
$2.6m
Total funding: $2.6m
Leadership
Romano Toscano
(Founder)A serial entrepreneur, Romano preciously founded two startups, including Loyd Mobile, a social app discovery platform.