Lending is a prediction problem.So we built a better predictor.
KreditMate will be a new regulated lender, powered by a proprietary AI designed for the complexity of lending data.
THE ENGINE
Six years of R&D.
The transformer is the revolutionary technology behind every modern LLM, but it was designed to work with text.
Yet the world also runs on something else - Structured Data.
Large-scale, variably sized, linked tables of messy numerical, categorical, time-series and missing data.
Adapting this architecture for Structured Data is one of the most exciting and difficult frontiers in AI.*
And we've done it.
Nowhere does the solution pay off more than in lending, where accurate underwriting is the foundation of every great lender.
THE DETAILS
AI for regulated lending.
A step change in underwriting accuracy.
Responsible, fair, explainable, auditable credit.
THE DATA
Data was never the issue.
Models were.
Every borrower has a different digital footprint.
In consumer lending that's application data, a bureau file, Open Banking transactions or previous loan history.
Conventional models, like XGBoost, need one flat table with one row per borrower to function.
The rich and varied borrower data is collapsed - signal is lost before the model even sees anything.
To compensate, lenders build thousands of engineered columns trying to recapture what was destroyed.
Our engine reads the relational data as it is.
THE LAUNCH
Where credit matters most.
We are launching in consumer credit, at the boundary between near-prime and sub-prime, with fully amortising £1,000 loans over 12 months.
The need for this is large. The market isn't addressing it.
Our accuracy lets us lend here safely.
- Demand at this size is large and persistent - emergencies, essentials, and debt refinance.
- Many of these borrowers are perfectly healthy, but thin files or crude scoring means lenders decline or overprice them.
- Lenders have withdrawn, and the vacuum they left often pushes people towards unregulated and illegal alternatives.
- That gap is now widely recognised, and the industry and its policy bodies are calling for responsible lenders to close it.
- Consumer credit is also exceptionally data-rich, perfect for our engine to reveal a deeper layer of predictive accuracy.
WHAT FOLLOWS
An engine for every kind of lending.
Non-prime consumer lending is just the starting point and from there KreditMate will expand with more loan products, reach a wider consumer credit audience, enter new lending markets, and potentially licence the engine - bringing accurate and fair pricing to more people and businesses that need it.
BUILT BY BUILDERS
The engine exists. Building the lender is next.
Join us on the journey.