ConfirmU - About the company
ConfirmU is a seed company based in Singapore (Singapore), founded in 2018 by Nemmara Chithambaram. It operates as an Alternative credit score for risk profiling to institutions. ConfirmU has raised $1.5M in funding from investors like DIFC, MOX and Orbit Ventures. The company has 345 active competitors, including 82 funded and 31 that have exited. Its top competitors include companies like Nova Credit, Scienaptic and Zest AI.
Company Details
Alternative credit score for risk profiling to institutions. It provides a white-labeled mobile SDK service for lenders. The scoring analysis is a hybridized model that captures an unbanked person's payment history through multiple channels including E-wallet spending patterns, and the text that is used on the instant messaging mobile phone applications. These channels are transformed into a psycholinguistic profile indicating a person's real-time willingness to repay a bank loan.
- Website
- confirmu.com
- Social
- Registered Address
- BUKIT BATOK CRESCENT, Singapore, 658064
Key Metrics
Founded Year
2018
Location
Singapore, Singapore
Stage
Seed
Total Funding
$1.5M in 5 rounds
Latest Funding Round
Ranked
54th among 345 active competitors
Employee Count
7 as on Sep 30, 2026
Similar Companies
Legal entities associated with ConfirmU
ConfirmU is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
CONFIRMU PTE. LTD. UEN: 201818473C , Singapore, Active | May 31, 2018 | - | - |
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ConfirmU's funding and investors
ConfirmU has raised a total funding of $1.5M over 5 rounds. Its first funding round was on Aug 19, 2019. Its latest funding round was a Seed round on Sep 27, 2022 for $*****. 1 investor participated in its latest round. ConfirmU has 11 institutional investors and 4 angel investors.
Here is the list of recent funding rounds of ConfirmU:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 27, 2022 | 9137314 | Seed | 4172300 | 8204672 | 6376384 | 8040479 |
Apr 07, 2022 | 3757554 | Grant (prize money) | 7240284 | 5480772 | 3354618 | |
Aug 24, 2021 | 9681716 | Seed | 3395339 | 6541536 | 5809661 |
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ConfirmU's founders and board of directors
Founder? Claim ProfileThe founders of ConfirmU is Nemmara Chithambaram.
Here are the details of ConfirmU's key team members:
- Nemmara Chithambaram: Co-Founder of ConfirmU.
ConfirmU's Board of Directors
ConfirmU's board has 2 active members. Raju Chithambaram and Yatir Zaluski are part of team.Here is the list of ConfirmU's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 4y 10m | |
Team | - | Current | 8y 3m | |
cmi{rhu | Independent board member | - | Past | 2y 2m |
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ConfirmU's employee count trend
ConfirmU has 7 employees as of Sep 26. Here is ConfirmU's employee count trend over the years:
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ConfirmU's Competitors and alternates
Top competitors of ConfirmU include Nova Credit, Scienaptic and Zest AI. Here is the list of Top 10 competitors of ConfirmU, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Nova Credit 2016, San Francisco (United States), Series D | Provider of unified consumer credit data infrastructure and analytics platform | $156M | 71/100 | |
2nd |  Scienaptic 2014, New York City (United States), Series A | Provider of an AI-powered credit decisioning platform for financial institutions | $9.9M | 69/100 | |
3rd |  Zest AI 2009, Burbank (United States), Series D | Provider of AI-enabled credit risk assessment platform | $319M | 66/100 | |
4th | Developer of software for automated financial decisioning and case management | $189M | 66/100 | ||
5th |  zypl.ai 2019, Delaware (United States), Series A | AI-based credit scoring solution for financial and credit institutions | $9M | 61/100 | |
6th | Savvymoneycom 2009, Dublin (United States), Series F | Financial wellness platform empowering institutions to drive growth and strengthen relationships | $272M | 59/100 | |
7th | Applied Data Finance 2014, New York City (United States), Series C | Fair and responsible consumer lending solutions using data science and technology | $202M | 58/100 | |
8th |  Lendapi 2024, Irvine (United States), Seed | Provider of a no-code platform for building and deploying lending products. This platform allows financial institutions to design the complete lending process, from application to offer, with a few clicks. It features real-time testing and extensive customization options. The platform integrates with various fintech tools, including CRMs and data providers, streamlining operations. A visual underwriting tool and a powerful decision engine enable the creation and deployment of complex lending rules quickly. The platform aims to accelerate time-to-market, reduce operational costs, and increase lending revenue. | $3.22M | 56/100 | |
9th | Credit rating agency | - | 56/100 | ||
10th |  Planky 2013, London (United Kingdom), Acquired | Analytical software for financial insights and credit risk solutions | $375K | 55/100 | |
54th | Alternative credit score for risk profiling to institutions | $1.5M | 41/100 |
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ConfirmU's Investments and acquisitions
ConfirmU has made no investments or acquisitions yet.
Reports related to ConfirmU
Here is the latest report on ConfirmU's sector:
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