Aire Receives Investment from Accion

▤ Summary

Aire, a London, UK-based credit scoring startup, raised a funding round of undisclosed amount.Financial inclusion player Accion made the investment through its Venture Lab, a $10m initiative dedicated to providing seed capital and management support to startups that expand financial access to the poor and underserved.Co-founded by CEO Aneesh Varma, Mr. Jon Bundy and Dr. Srini Sundaram, Aire uses a proprietary artificial intelligence process to allow banks to lend to new, qualified borrowers.During an online interview, the company’s collects and validates applicant-provided data to evaluate profession, education, and financial knowledge.Launched in 2014, the company is backed by White Star Capital, SparkLabs Global Ventures and Techstars.

▦ Linked Companies