ClearScore, a London,UK-based free credit checking service, has entered India by launching its web and mobile-web services in the country. The startup has recently got acquired by Experian, the consumer credit reporting giant, in March this year. ClearScore is also is getting ready to introduce Android and iOS apps in India, later this year.
Interestingly, Experian is also an investor and major stake holder in India’s BankBazaar. In October last year, BankBazaar received $30 million in funding led by Experian.
Essentially, ClearScore matches consumers with personal financial products and offers free credit reports. The startup touted as being the first company in the UK to do so and monetizes from commission on products sold to users after they’ve completed their credit check. Its app is completely free – with no upsells or extra charges for additional features.
Source: Indian Web 2