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January 23rd 2024

Nova Credit Named to 2024 Fintech Innovation 50 List

For the second year in a row, Nova Credit was named to the Fintech Innovation 50, an annual list launched by GGV Capital U.S. to recognize the most promising fintech companies in the eyes of startup investors.

NEW YORK, January 23, 2024Nova Credit, the data analytics company enabling businesses to grow responsibly by harnessing alternative credit data, was named to the 2024 Fintech Innovation 50, an annual list launched by GGV Capital U.S. in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors.  The company was recognized for its promising growth and innovative solutions that are democratizing access to financial services.

GGV Capital U.S. partnered with 44 investment firms to nominate and vote on 150 companies in order to select the 50 honorees. Having raised more than $12 billion collectively, the Fintech Innovation 50 demonstrates the enthusiasm of venture capital investors in the growth and innovation of this sector. In celebration, honorees rang the Opening Bell at the Nasdaq MarketSite today. 

This award is in recognition of the past year of broadening its product offering beyond cross-border credit reporting and scaling Cash Atlas™, the industry’s leading solution for cash flow underwriting and income verification for employment. The expansion enables partners to grow within risk appetite by incorporating an expanded suite of open finance data pipelines, unique datasets, and category-defining analytics and compliance applications.

The company has also accelerated international expansion, with Credit Passport® now servicing newcomer corridors in Canada, the U.K., the U.A.E., and Singapore. With strong expertise leveraging consumer credit data, the Nova Credit team is poised to maintain this momentum by introducing a whole new range of solutions—from new-to-credit and thin-file underwriting to customized KYC and verification solutions.

“At Nova Credit, our solutions and partnerships are breaking down the barriers of today’s financial services industry and challenging the way the world views credit,” said Misha Esipov, co-founder and CEO of Nova Credit. “It’s an honor to be recognized again among this list of innovative fintech companies that are redefining the future of financial services. Our team has grown and our business has multiplied as we accelerate the industry's adoption of cash flow underwriting and scale our business around the globe.”

“We believe the long-term tides are in fintech's favor. Market shares are increasingly captured by disruptors and value-added enablers,” said Hans Tung, Managing Partner, GGV Capital U.S. “Congratulations to the Fintech Innovation 50 honorees!"


Nova Credit is a credit infrastructure and analytics company that enables businesses to grow responsibly by harnessing consumer credit data. The company leverages its unique set of data sources, bank-grade infrastructure and compliance framework, and proprietary credit expertise to help lenders fill the gaps that exist in traditional credit analytics. Nova Credit serves as the bridge between data and credit excellence, providing a comprehensive suite of solutions designed to give lenders across various industries - including finance, fintech, property management, telecom, and automotive - a competitive edge in the open finance era. Its cross-border credit product, Credit Passport®, cash flow underwriting product, Cash Atlas™, and income verification product, Verification of Income, are used by leading organizations like American Express, Verizon, HSBC, SoFi, Scotiabank, and Yardi. Nova Credit is backed by investors including Canapi Ventures, Kleiner Perkins, General Catalyst, and Index Ventures as well as executives from Goldman Sachs, JP Morgan, and Citi. Learn more at www.novacredit.com or reach out to connect@novacredit.com.


The Fintech Innovation 50 includes the most promising fintech startups as nominated and voted on by 44 investment firms, in partnership with Crunchbase. This year, 150 companies were nominated, and 50 were selected through a voting process that required the nomination of portfolio and non-portfolio companies. Nomination criteria included companies with a primary product focus on fintech, the U.S. as a primary market, and Series A stage financing. For more information about participating investors and list methodology, visit www.fintechinnovation50.com/ 


GGV Capital U.S. is an American venture capital firm focused on early-to-growth investments in technology companies across North America, Israel, Europe, Latin America, and India. We are dedicated to fostering innovation and supporting the next generation of leaders in the tech industry, including Affirm, Airbnb, Bowery Farming, Drata, Handshake, HashiCorp, Ibotta, Quince, Slack, Slice, Square, StockX, Vercel, Zendesk, and more.

GGV Capital U.S. is a longtime investor in the global fintech sector, with more than 10 investments, including ADDI, Affirm (AFRM), Aven, Block (SQ), Clara, Divvy Homes, Frubana, IDwall, Northstar, Novo, and Stori. More information can be found at www.ggvc.com and @ggvcapital.


Rachel Levy

V2 Communications on behalf of Nova Credit


Christine Hinton

GGV Capital U.S.

Email: chinton@ggvc.com Mobile: +1 415.939.0139

Announcing the Cash Flow Underwriting Summit: a first-of-its-kind executive summit dedicated to exploring and advancing the practice of cash flow underwriting in consumer lending.