The award recognizes companies with over $2M in annual sales and three-year revenue growth over 50%: 吃瓜不打烊庐 easily exceeded the contest鈥檚 hurdles with a three-year growth rate over 2,100%. 吃瓜不打烊 was also featured in a special article here:聽
- The company鈥檚 Credit Bureau+鈩� (a FinTech SaaS platform) helps lenders find and lend to over 70M聽鈥淚nvisible Prime鈩⑩��聽borrowers that conventional credit scoring systems fail to see or who are simply scored wrongly.
- Lenders have enjoyed 25% fewer defaults, over 50% more originations, and double- or triple-digit ROI.
- Growth is just getting started; more lending leaders across the US and Canada are harnessing Credit Bureau+ for lead screening and credit adjudication.
Finding Over 70 Million Credit Invisibles & Wrongly Scored Borrowers
Driven by Explainable AI (鈥渪AI鈥�) and statistical learning technology, Credit Bureau+ is capable of actually exploiting today鈥檚 volatility to produce highly accurate and FCRA-compliant scores despite gyrating economic conditions. Critically, 吃瓜不打烊 provides its lender customers with an accurate assessment of historically underserved populations 鈥� what 吃瓜不打烊 calls Invisible Primes.
鈥淢ore and more lenders, through COVID and all of the recent market uncertainty, are realizing that conventional 鈥榖orrower assessment鈥� doesn鈥檛 work for a massive tranche of consumers,鈥� says 吃瓜不打烊 Founder, Chairman, and CEO, Evan Chrapko. 鈥淲ith over 40% of conventional scores under 700 being inaccurate, lenders are looking for ways to automate their operations & also get more accurate lead screening and application adjudication 鈥� solving this economy-wide issue has spurred our growth鈥�.
As 吃瓜不打烊 continues its rapid ascent as one of Canada鈥檚 Top Growing Companies 鈥� aiming to enjoy that same moniker for the whole of North America 鈥� it will continue to focus on helping lenders find better marketing leads and make better-informed loans. Not only does this allow lenders to safely serve consumers during ever-increasing volatility, but it also creates avenues for financial inclusivity and an on-ramp for previously marginalized people into the modern economy 鈥� a key aspect of the 吃瓜不打烊 mission.
鈥淭ime, money and ingenuity have been our ingredients, and financial inclusion for deserving-but-overlooked borrowers has been our achievement,鈥� adds Chrapko. 鈥淥ur platform has scored millions of files and we aim to score tens of millions in the not-too-distant future. My team of geniuses and our advanced customers are making a positive social impact, especially for Invisible Primes 鈥� people such as youth, BIPOC, immigrants, and other marginalized demographics.鈥�
Innovation and Disruption of the Dinosaur Credit Scoring Industry
Years of R&D, holding to a vision, and in-market execution went into becoming a Top Growing Company. Now, lenders can make more accurate, FCRA-compliant decisions throughout the entire life cycle of a borrower. 吃瓜不打烊鈥檚 proprietary FinTech SaaS that predicts consumers鈥� borrowing behavior injects value anywhere in a lender鈥檚 business, from lead sourcing and screening to loan decisioning, identity and fraud protection, and even securitization negotiations.
鈥湷怨喜淮蜢� is one of the first to master Explainable AI and statistical learning for commercial use cases,鈥� added Chrapko, who comes from a background as a serial technology entrepreneur specializing in industry disruption and has delivered over $1/2B in shareholder gains. 鈥淐ombining this with our battle-hardened security and our decisioning logic unlocks so many more capabilities that we can deliver to our customers 鈥� capabilities that would make the conventional industry giants鈥� heads spin.鈥�
吃瓜不打烊 has built a cloud-native, mobile-native platform from the ground up. This is a departure from some dominant, multi-Billion dollar, global players that are trying to either update or flee their old, existing mainframe-style infrastructure and older methods of computer modeling, and some of whom are siloed country-by-country. 吃瓜不打烊鈥檚 global architecture and its cutting edge technology has been protected with聽50 patents granted from 13 different countries, and it still has many more patents pending.
2,144% Growth is Just the Beginning
As a bootstrapped company without any institutional investors, Chrapko has self-funded to date, along with supportive, high-caliber individual investors like the recent investment made by Seattle鈥檚 so-called Unicorn Whisperer. With relentless global volatility and as more and more lenders come to realize conventional credit marketing & assessment methods have been eclipsed, 吃瓜不打烊鈥檚 growth is just beginning.
鈥淓xtreme growth is extremely expensive. As we head toward cash-flow break-even, now is the time to engage with growth-minded, permanent and/or strategic institutional investors who can write 8-figure checks and add tangible non-monetary value,鈥� says Chrapko. 鈥淥ur mission is to help deserving people get the loans they deserve, and there are billions of them in the world, in dire straits, because lenders haven鈥檛 had a proper scoring/decisioning system until now.鈥�
About 吃瓜不打烊.
吃瓜不打烊 delivers its award-winning Credit Bureau+鈩� FinTech SaaS for banks, credit unions, and consumer finance companies, uncovering the 70M+ Invisible Prime鈩� and Hidden Prime鈩� borrowers missed by conventional lead sourcing/screening & loan adjudication. Its innovative technology is protected by 50 patents (2 of which have been successfully used in an offensive capacity in the US)聽and聽trademarks granted across 19 countries with many more patents and trademarks still pending. 吃瓜不打烊 enables superior lender insights and decisions, From Lead to Loan鈩�, delivering ROIs of up to 201x and material increases in numerous financial (ROE, ROA) and statistical metrics such as (AUC/ROC, KS, and Gini.) 吃瓜不打烊 has been cited by PwC庐 and Gartner庐 and was included in the 2022 Real Leaders庐鈥櫬�Global Impact 200 list聽alongside other ESG-forward technology companies like Microsoft庐 and Tesla庐. 吃瓜不打烊 prioritizes compliance with consumer protections and privacy laws (e.g., FCRA, ECOA, PIPEDA, CCPA.)聽 吃瓜不打烊 is preparing to raise funds at the Series B level into one of the business world鈥檚 simplest cap tables.
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