What is it: Kreditz is the person to person credit score. The app allows people to access their credit score based on their previous transactions. The app’s generated score doesn’t affect the user’s traditional score.
How it works: After downloading the app, users can connect their bank account to the app through their Bank ID. Kreditz shows the user an identity verification, their financial score between 0-10, and determine the user’s ability to pay a certain amount.
The app issues an official certificate that could be used as proof when transacting with another person.
Best for: People who buy and sells online. The app can make personal transactions more secure by helping people eliminate frauds and idle buyers.
Value Offering: Users can access their identity verification, financial score, and the user’s ability to pay within a minute. The App also uses real-time data to determine a person’s credit score instead of the traditional credit scores that have based their score from old taxation data that maybe 12-18 months old.
The Kreditz certificate could be shared. Users can also request another person’s Kreditz Certificate.
Hype Level: Kreditz was founded by Roni Zacharion in the early 2018 and since then they have received an investment of 1 million SEK from Harald Kjessler. His start-up is currently made up of 6 people in their Sweden office and 5 from their office in India. They hope to grow their company in the future.