Bridging a World of Consumer Permissioned Data

Every year, millions of creditworthy individuals are denied access to financing because lenders can’t access the right data to assess the individual's financial responsibility. We built Nova Credit to unlock unique data sources that help businesses improve their credit risk assessment, identifying more customers and gaining access to untapped markets. With our industry-leading technology, we connect lenders to a more diverse consumer base and ensure access to finance for millions of people each year.

Our Credit Passport® is a global credit scoring and reporting format that contains a local-equivalent score, tradelines, and inquiry history. Using consumer-permissioned data, it enables individuals who have recently arrived in a new country to demonstrate their creditworthiness to lenders like American Express, MPOWER Financing, and Yardi.

For most countries, Nova Credit aligns the country-of-origin credit score to local credit risk levels by matching the default rates. For example, a score of 1050 in the originating country that represents a default rate of 3% might equate to a score of 710 at the same default rate in the U.S. In that case the consumer’s score is adjusted to 710 for U.S. underwriting purposes.

Any individual who grants access to their foreign credit history to a participating lender can use Nova Credit.

Our reach is always growing. Currently, we serve consumers who have moved to the United States, United Kingdom and Singapore, and have credit history in Australia, Brazil, Canada, Dominican Republic, India, Kenya, Mexico, Nigeria, Philippines, South Korea, Spain, Switzerland, the US (for newcomers in non-US regions) or the UK.

We work with credit card companies, lenders, and other credit product providers to extend their reach to underserved individuals from around the globe. Key partners include American Express and HSBC in credit cards; MPOWER in student loans; and Yardi, Intellirent, and First Advantage in tenant screening and Verizon in mobile phones. UNFCU members can also use Nova Credit to apply for credit cards and personal loans.

Novans are a diverse community of individuals living and breathing our company values across 15+ states, 5 countries and 4 continents. We’ve built a community in which all employees, regardless of their identity, experience, or background, feel at home and have access to the resources they need to succeed.

• 23% Under-represented minority*
• 47% Women or Non-Binary
• 25% Parent or Caregiver
• 31% First-Generation Immigrant

*Reported numbers reflect Nova Credit employees who live in the United States

*URM = Under-Represented Minorities. This includes individuals who self-identify as Black, Latinx, Native American, Native Hawaiian and Other Pacific Islander, Southeast Asian, and Multiracial employees (with at least one race/ethnicity falling into one of these groups).

Data is self-reported and accurate as of September 2022.