Deserve, an analytics-based financial technology company that uses machine learning and alternative data to help people build credit and achieve financial independence, today announced that the company has been selected as a “2018 TiE50 Winner” for the prestigious TiE50 Awards Program recognizing the world’s most innovative tech startups. This awards competition is part of Tie Inflect 2018, the world’s largest conference for tech entrepreneurs.
“We are thrilled to be recognized as one of the most innovative tech startups by TiE Silicon Valley,” said Kalpesh Kapadia, CEO and founder of Deserve. “Our approach to providing Millennials and Gen Z’s with access to credit is radically different than traditional lending models, and helps individuals locked out of the system achieve financial independence.”
Deserve provides millions of adults without a credit card the ability to access credit, even if they do not qualify for traditional lending based on the FICO system. FICO is based on your credit history, which young people who are just starting out naturally lack. Deserve opens the doors to credit for this huge demographic by using a proprietary algorithm to predict credit potential instead of only assessing credit history.
“TiE50 has become a global brand that attracts thousands of tech startups worldwide,” said Kamal Anand, TiE50 Program Chair. “This year, we screened more than 7,400 companies from 28 countries and selected the best-of-breed as our ”2018 TiE50 Finalists“. These companies are finalists in the ultimate runoff for the 50 winners. Our program has gained recognition over the past decade as a competition run with the highest level of integrity and vigorous screening and judging by domain experts.”
Awards are announced at TiEcon, the world’s largest conference for entrepreneurs. TiE is a global, not-for-profit network of entrepreneurs and professionals dedicated to the advancement of entrepreneurship. TiE provides a platform for mentoring, networking and education for technology entrepreneurs worldwide. They have a global network of 61 chapters located in most major North American, Asian and European countries and cities with more than 11,500 members across 18 countries.
“As a not-for-profit dedicated to fostering entrepreneurship for 26 years with a global footprint of half million entrepreneurs, enterprise executives, and investment professionals, we take pride in the fact that we are one of very few competitions without any pay-to-play incentives,” said Ram K. Reddy, TiE Silicon Valley President.
For more information about Deserve, please visit www.deserve.com.
Deserve uses machine learning and alternative data to provide millennials and Gen Z’s access to fair credit products and the tools to achieve financial independence. Deserve is a venture-backed fintech startup whose investors include Accel, Pelion Venture Partners, Aspect Ventures, Mission Holdings, Alumni Venture Group, Sparklabs Ventures, Fenway Summer Ventures and GDP Venture. Follow us on Facebook and Twitter. Accounts are issued by Celtic Bank, a Utah Chartered Industrial Bank, Member FDIC.
About TiE Inflect 2018
TiE Inflect (previously TiEcon) is the world’s largest conference for entrepreneurs and intrapreneurs with participation from top technology companies, leading venture capital firms, and global services providers. TiEcon 2017 attracted 5400+ attendees from across the world – including CEOs of established companies to first-time entrepreneurs creating new companies, to leading investment professionals and corporate executives. The conference was listed by Worth Magazine as one of the 10 best conferences for ideas and entrepreneurship along with TED and the World Economic Forum. For more information, please visit http://www.tieinflect.org.
The Indus Entrepreneurs (TiE) is a not-for-profit founded in 1992 in the Silicon Valley by a group of successful entrepreneurs, corporate executives, and senior professionals. TiE is the world’s largest network of tech entrepreneurs. We are a cohesive global network with a footprint of half million entrepreneurs, enterprise executives, investment professionals, and other accomplished individuals. We operate from 60 cities in 16 countries. http://www.tieeco.org.