Mobilewalla Launches LendBetter, Improving Financial Inclusion in Emerging Markets LendBetter is an Innovative Solution Helping Fintechs Maximize Loan Approval at Lower Default Risk

SINGAPORE; November 02, 2022; Mobilewalla, a global leader in consumer intelligence solutions, is pleased to announce the launch of its newest offering for digital lenders, LendBetter, at the Singapore Fintech Festival 2022.

Leveraging the industry’s most comprehensive repository of global consumer information, LendBetter is uniquely positioned to provide digital lenders with high-quality, AI driven predictive data and features at scale, helping them improve their credit assessment and customer acquisition process. LendBetter also offers financial institutions easy to integrate risk scores powered by sophisticated machine learning, which are highly predictive of credit-worthiness for new-to-credit borrowers. This enables digital lenders to extend loans to thin-file consumers, significantly increasing access-to-credit and positively impacting financial inclusion in emerging markets.

Working closely with various financial technology companies in Southeast and South Asia during the past year, LendBetter has generated positive outcomes for these early customers improving acquisition quality with the usage of AI driven features as part of the credit assessment process.

“LendBetter’s deep insights into consumer behaviour have helped us improve our quality of acquisition by reducing fraud, allowing us extend credit with more confidence” said, Paramananda Setyawan, Chief Data Office with FinAccel, a leading financial technology company focused on reinventing financial services in Southeast Asia. “Our partnership with Mobilewalla complements our growth ambitions. We are very pleased to work with them to help more people get easier access to credit.”

“With our industry first offering LendBetter, Mobilewalla is excited to work with digital lenders across emerging markets to enable financial inclusion for the new-to-credit” said Anindya Datta, CEO and Founder of Mobilewalla. “Lendbetter provides access to AI driven, privacy compliant consumer data at scale, enabling them to approve more credit at a reduced default risk. Our partners find our future-proof features and scores to be highly predictive of consumer behavior, and easily integrable for a variety of use cases spanning customer acquisition, risk management, and fraud prevention.”

Financial technology companies interested in exploring the value of LendBetter can download a sample data set and request for live API test at https://www.mobilewalla.com/api-request.

About Mobilewalla

Mobilewalla is a leader in consumer intelligence solutions, combining the industry’s most robust data set with deep artificial intelligence expertise to help organizations better understand, model and predict consumer behavior. Our proprietary solutions provide rich insights into consumer behavior helping companies get the most out of their AI investments by making more informed business decisions and effectively acquiring, understanding and retaining their most valuable customers. Mobilewalla works with emerging market fintechs to enhance the risk decisioning, know your customer and collection

processes, through high quality, privacy compliant data, attributes and risk scores that support these key use cases.

LendBetter, from Mobilewalla, provides highly predictive, AI-driven features, attributes and scores that power risk decisioning and customer acquisition engines in emerging credit markets. This high scale data is curated from billions of daily signals from over 2.2B mobile devices across more than 40 countries.

Consumer privacy and consent are a priority, and our data acquisition processes are compliant with local, regional and international regulations. As digital lending enables financial inclusion in emerging markets, lenders need high quality data to help them better understand consumer behavior managing their risk while they grow and acquire more customers.

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