Here's the 13-page pitch deck Stratyfy, a fintech using AI to help lenders work with the underbanked, used to raise $10 million
Stratyfy uses AI to help lenders extend more credit to underbanked communities.Here's the 13-page pitch deck Stratyfy used to raise its so-called"institutional seed."
She phoned the 1-800 number on the back of the notice, and after providing additional information to the rep, Kornhauser got the lender to approve her. The experience prompted Kornhauser to start a business that helps lenders understand"real risk versus perceived risk" of individuals and small businesses, she said. A few months later, Kornhauser and her co-founder, Dmitry Lesnik, founded Stratyfy.
The core engine uses a lender's traditional credit data, in addition to alternative data, to offer a breakdown of factors in a given borrower's profile. So if Kornhauser was denied credit because of her low current income, the model could spotlight other factors, such as rental or utility data, to compensate for other areas of risk.
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