R3 Score

R3 Score Technologies provides contextualized data and risk analysis to businesses evaluating Americans who have a criminal record or a thin credit file. Its financial analysis tool combines artificial intelligence, machine learning and human judgment to assess an individual's creditworthiness and reputation, producing a score on a 300-850 range together with a customer segmentation report intended to help decision-makers align products and services to those customers.

The company's risk models draw on machine learning and cross-sector research to give lenders, employers and other decision-makers a broader view of prospective employees and consumers. Company activity has centered on developing the algorithms and risk models underlying the product.

In September 2020 R3 Score became a publicly traded entity through a reverse merger with Global Boatworks Holdings, Inc. (OTCPK:GBBT). Laurin Hodge Leonard was appointed Chief Executive Officer and Director, the prior Global Boatworks officers and directors resigned in favor of R3 Score designees, and the company's headquarters became R3 Score's headquarters.

Business model

R3 Score sells data and scoring products to businesses, supplying scores and segmentation reports that decision-makers use to evaluate prospective consumers and employees.

Latest developments

Following the September 2020 reverse merger, the company announced the launch of Endeavor Ready 2.0 with the Association for Enterprise Opportunity, board appointments including Christine Lei, partnerships with What's Next Washington on talent acquisition, an economic development partnership with the Aequo Fund, a partnership with the Baltimore Development Corporation, and funding from Startup Mavericks in December 2023.