The number of loan options for consumers has exploded in recent years, making credit assessment super important for companies offering these loans and giving ClearScore a big market to grow into.
Traditionally, lenders had a more 'computer says no' approach when it came to making loan decisions. With the wealth of data now available on people, credit assessment can be made smarter. ClearScore's approach has been to add on innovative products outside of credit scoring, e.g. helping consumers understand how to improve their financial position and offering car and home insurance.
In 2025, the company secured impressive funding from HSBC to fuel its product line and customer service channel growth. It has also successfully acquired a number of smaller fintechs, such as Money Dashboard in 2022 and Aro Finance in January 2025, further aiding ClearScore in its growth mission and product expansion.
Freddie
Company Specialist at Welcome to the Jungle