Banking Startup Uses Social Influence To Calculate Credit Score
Movenbank takes into account user's online presence and personality type when determining their financial profile.
Credit ratings can be frustrating. If you have a poor one, it can be difficult to secure anything from organizations that rely on a single number to determine your worth. Enter Movenbank, a financial startup that's aiming to redefine banking and financial services.
Having recently secured $2.41 million in seed round funding, Movenbank just released its financial scoring system that allows users to monitor and understand their financial data in a whole new way. This innovative real-time financial credibility score combines data from shopping patterns, daily spending and social influence into a personalized ‘CREDscore.' Think of it as the Nike+ for your money.