Stockholm 20 March 2024
Product update
Blipply launches AI-based Credit Score to unlock lending in emerging markets
Blipply has introduced an AI-based Credit Score that enables merchants and consumers in emerging markets to access future loans without a traditional banking history.
The system analyses transaction data, sales records, and repayment patterns on the Blipply platform to create a live, accurate credit profile. By reflecting real business performance, it automates loan approvals, enabling faster, lower-risk, and more inclusive lending decisions.
“Traditional credit scoring excludes most of the informal economy,” says Andreas Lalangas, CEO of Blipply. “Our AI-driven approach recognises real trade activity and opens access to products that were previously out of reach.”
The score updates continuously without requiring users to change their behaviour, they simply shop, sell or transact through Blipply. This gives lenders confidence while helping users grow their businesses or strengthen their financial position. Available now to Blipply partners, it supports scalable, fully automated lending that advances financial inclusion.
About Blipply
Blipply is a Swedish AI company whose AI-driven platform fosters growth by facilitating payments and commerce, while transforming everyday transactions in emerging markets into digital financial profiles. This enables informal entrepreneurs and consumers to gain access to credit and insurance over time – without changing the way they work.
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