Credit scoring startup Aire, which counts online retailer N Brown as a client. has raised $11 million in Series B funding from Crane Venture Partners, Experian Ventures and Orange Digital Ventures. This follows on from a $5.5 million Series A in July 2017 led by White Star Capital and Sunstone Capital, who also joined this latest round.
“Aire is built on the premise that empowering consumers to play an active role in their credit assessment is the only way to give lenders a comprehensive view with which to make a decision. Since launching five years ago we have come a long way in bringing along the credit ecosystem: FCA regulation; scalable technology; proven uplift for lending partners; and funding,” says Aire Co-Founder and CEO, Aneesh Varma.
“Today's announcement is a significant milestone in our journey and showcases how much the market is paying attention, with the support of the largest credit bureau. This Series B funding is allowing us to push our philosophy further into new markets, such as the US, as well as new sectors."