Fintel, a Marseille-based innovative start-up specializing in the automatic analysis of creditworthiness, has raised €1.2 million in funding from OneRagtime and several business angels, including Jean-David Benichou, Benjamin Gaignault, and Maxime Gaignault.
The company, established in 2019, uses its algorithms to analyze several years of banking history to determine a risk profile, identify weak signals related to excessive behavior (such as recurring overdrafts), and determine the level of loyalty of prospects.
This funding round will enable Fintel to develop its new tool for analyzing consumer credit applications. The company's credit scoring system is designed to help banks and other financial institutions make better lending decisions by providing them with a more complete picture of an applicant's credit risk.
OneRagtime, a European venture capital firm, led the funding round. The firm has a strong track record of backing innovative start-ups and is committed to supporting companies that have the potential to transform their industries.
Jean-David Benichou, one of the business angels supporting Fintel's funding round, is a seasoned entrepreneur with extensive experience in the technology and financial services sectors. He is also the founder of a number of successful start-ups, including SmartAngels, an equity crowdfunding platform.
Benjamin and Maxime Gaignault are also experienced entrepreneurs who have founded and led several successful start-ups in the past. They bring a wealth of knowledge and expertise to Fintel's management team and are expected to play an active role in the company's growth and development.
Fintel's innovative credit scoring tool has the potential to revolutionize the way banks and other financial institutions evaluate credit risk. With the support of OneRagtime and its team of experienced business angels, the company is well positioned to achieve its ambitious goals and become a major player in the fintech industry.