LenddoEFL

OverviewSuggest Edit

LenddoEFL is a provider of alternative credit scoring and identity verification products to financial institutions in emerging markets. The company uses machine learning, artificial intelligence, predictive analytics, and a variety of sources to deliver digital and behavioral data to help lenders assess the credit risk of individuals and small businesses. Its identity verification, document collection, and authentication products allow financial institutions to verify and safely onboard new customers, reduce fraud, and streamline application processing by using digital data. LenddoEFL was formed as a result of a merger between Lenddo and Entrepreneurial Finance Lab (EFL).

TypePrivate
Founded2010
HQSingapore, SG
Websitelenddoefl.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Oct 2021)50(-7%)
Cybersecurity ratingAMore
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Key People/Management at LenddoEFL

Paul L. Devine

Paul L. Devine

Executive Chairman, Chief Financial Officer
Selene Tan

Selene Tan

Chief Of Staff
Camille O'Sullivan

Camille O'Sullivan

VP Corporate Development
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LenddoEFL Office Locations

LenddoEFL has an office in Singapore
Singapore, SG (HQ)
105 Cecil Street, The Octagon #16 - 05
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LenddoEFL Financials and Metrics

Summary Metrics

Founding Date

2010

LenddoEFL total Funding

$14 m

Time since last funding

6 years ago

LenddoEFL investors

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LenddoEFL Operating Metrics

LenddoEFL's Users was reported to be 12 m in Jul, 2021. LenddoEFL's Total Loans was reported to be $2.5b in Jul, 2021.
Jan, 2018Mar, 2020Apr, 2020Jul, 2021

Countries Covered

202020

Customers (Financial Institutions)

505050

Total Loans

$2 b$2.5 b$2.5 b

Users

6 m12 m12 m
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LenddoEFL Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

LenddoEFL Online and Social Media Presence

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LenddoEFL News and Updates

Mondato Webinar Series: Innovative Approaches To Digital Payments

As many in-person events remain on hold due to COVID-19, industry experts, Mondato have joined forces with the MEF to host a webinar series tackling the discussion of ‘the new normal’ across the payments industry. LenddoEFL was invited to join a webinar to discuss innovative approaches to commerc…

LenddoEFL Joins Oxfam Webinar For Launch Of B Ready Study

This week LenddoEFL was invited by Oxfam Pilipinas to join a panel for the official launch of their Disaster Risk Financing study. The study is part of the B Ready initiative. The B Ready project was launched in 2019 and is the first line of defence for communities in disaster preparedness.

LenddoEFL Recognised Among Top Finance Companies In Singapore

LenddoEFL has been recognised by Welp Magazine as one of the top finance companies in Singapore in 2021 for its use of alternative data to provide credit scores and digital verification.

LenddoEFL could face bankruptcy over $600k in unpaid fees

Fintech investment bank SenaHill APAC is demanding the payment for its consulting services lent to the firm between April and August this year.

Philippines’ RCBC partners with LenddoEFL for Digital KYC

Philippines-based Rizal Commercial Banking Corporation (RCBC) has partnered with LenddoEFL to make account opening procedure faster and more convenient for consumers through an end-to-end digital verification and authentication solution. Usually, Know Your Customer (KYC) processes require face-to-fa…

LenddoEFL Announces Paolo Montessori as its New Chief Executive Officer

LenddoEFL announced the appointment of Paolo Montessori as the new Chief Executive Officer succeeding Richard Eldridge, who is moving into a non executive role after co-founding Lenddo back in 2011.
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LenddoEFL Blogs

Case study: Universal credit scoring for Female-led SMEs in Ethiopia

LenddoEFL collaborated with the World Bank Group to facilitate psychometric assessment for alternative credit scoring as part of the Women Entrepreneurship Development Project (WEDP) launched by the Government of Ethiopia.The World Bank recently published an extensive and insightful report: “Designi…

Mondato Feature | Can Personality Predict Loan Performance

LenddoEFL has been featured by leading FinTech consultants, Mondato, in their Insights Series.Know Your Customer — often abbreviated as KYC — is such an important part of success in digital finance that it almost deserves to be canonized into KTC: Know Thy Customer. Indeed, creating “bank-legible” f…

Mondato Webinar Series: Innovative Approaches to Digital Payments

As many in-person events remain on hold due to COVID-19, industry experts, Mondato have joined forces with the MEF to host a webinar series tackling the discussion of ‘the new normal’ across the payments industry.LenddoEFL was invited to join a webinar to discuss innovative approaches to commerciali…

LenddoEFL joins Oxfam webinar for launch of B Ready study

This week LenddoEFL was invited by Oxfam Pilipinas to join a panel for the official launch of their Disaster Risk Financing study. The study is part of the B Ready initiative. The B Ready project was launched in 2019 and is the first line of defence for communities in disaster preparedness. Located …

LenddoEFL recognised among top finance companies in Singapore

LenddoEFL has been recognised by Welp Magazine as one of the top finance companies in Singapore in 2021 for its use of alternative data to provide credit scores and digital verification. The list features startups and companies are taking a variety of approaches to innovating the Finance industry, b…

Character for Credit in Nigeria

Financial situations change, but your personality will hold steady. LenddoEFL has shown that credit scores based on behavior and personality traits are continuing to accurately predict default risk, despite the unprecedented economic disruption caused by Covid-19 lockdowns. LenddoEFL customer, Len…

LenddoEFL Frequently Asked Questions

  • When was LenddoEFL founded?

    LenddoEFL was founded in 2010.

  • Who are LenddoEFL key executives?

    LenddoEFL's key executives are Paul L. Devine, Selene Tan and Camille O'Sullivan.

  • How many employees does LenddoEFL have?

    LenddoEFL has 50 employees.

  • Who are LenddoEFL competitors?

    Competitors of LenddoEFL include Advance.ai, Trusting Social and Kabbage.

  • Where is LenddoEFL headquarters?

    LenddoEFL headquarters is located at 105 Cecil Street, The Octagon #16 - 05, Singapore.

  • Where are LenddoEFL offices?

    LenddoEFL has an office in Singapore.

  • How many offices does LenddoEFL have?

    LenddoEFL has 1 office.