AltScore

AltScore supplies business-to-business credit infrastructure that lets companies stand up and run credit programs for their customers, positioning credit as a driver of sales volume rather than a back-office function. The platform covers the credit lifecycle end to end, including onboarding, credit management, scoring, alternative data, rule trees and scorecards, digital signature, digital communication, payments and reconciliation, workflows, analytics, integrations and capital as a service.

The company markets three product lines. AltCard is aimed at vendor finance, enabling suppliers to extend credit lines to their buyers and unlock purchasing power at checkout. ConfIA targets financial institutions and digitizes and automates the stages of a credit process through configurable decisioning components such as rule evaluation, variable calculation, mapping tables and credit line assignment. Rails of Lending is presented as underlying credit infrastructure operated by internal teams and usable by AI agents. AltScore states that implementations go into production in weeks and emphasizes financial-industry security standards and a 99.95% guaranteed uptime commitment.

Business model

AltScore sells credit infrastructure software and ready-to-operate credit products to businesses, which use them to launch and run their own credit programs; it also references capital as a service alongside its technology stack.

Traction

AltScore reports client outcomes including PayJoy processing more than 70,000 credit applications per month, La Fabril increasing credit-based sales from 69% to 75% of total sales, and CompuSoluciones reducing credit line approval time from 14 days to 3 days. The company cites aggregate results of an 18% sales increase, 20% default rate reduction, 70% faster approvals and 35% fewer manual reviews.

Latest developments

AltScore announced an $8.5 million Series A funding round.