Definition : The FINT Score

The FINT score is a risk score used to analyze the ability of a borrower to pay back. It is only when a borrower gets a satisfactory FINT score can he or she borrow on the FINT platform. The better your score, the lower your interest rate and vice versa.

The risk algorithm was built in-house and interfaces with XDS Credit Bureau; one of the nationally recognized Credit Bureaus in the country. XDS supplies loan and personal data of individuals who have borrowed from commercial, mortgage and microfinance banks, finance and leasing houses. Once FINT gets a hold of that information, the algorithm runs an analysis on the risk level of the borrower.

In the event an individual has never accessed a loan from a financial institution, the algorithm analyses information provided by the borrower and matching their history to our standard archetypes.

The score analyses three components; personal index, environmental index and a financial/business index. As borrowers continue to take loans on the FINT platform and pay back, their score will improve.

For Investors, we have created an easy method for them to understand risk and return when investing their money on the platform. In the long run, we can use the FINT score as a standard for credit scoring in Nigeria. We are some steps away from that; but our debt financing platform is a good start.

The score analyses three components; personal index, environmental index and a financial/business index. As borrowers continue to take loans on the FINT platform and pay back, their score will improve.

For Investors, we have created an easy method for them to understand risk and return when investing their money on the platform. In the long run, we can use the FINT score as a standard for credit scoring in Nigeria. We are some steps away from that; but our debt financing platform is a good start.

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