Case Study: Finfrog achieves 24-hour credit decisions with Powens Bank

With Bank, Finfrog refines its credit scoring to answer loan applications within 24 hours

Finfrog is a French microcredit fintech founded to help people cover unexpected expenses and finance projects more easily, especially those who are often underserved by traditional lenders. To make fast, reliable lending decisions, Finfrog worked with Powens and used its Bank banking aggregation product to validate credit applications and assess borrowers’ financial situations.

Using Powens’ Bank API, Finfrog connects to applicants’ bank accounts and reviews their last three bank statements to feed its machine-learning scoring model with real-time, tamper-proof data. This has helped Finfrog deliver loan decisions in under 24 hours, with 80% of funded users receiving money in less than 5 minutes after signing, and the company has grown to more than 300,000 users granted.

Finfrog

Riadh Alimi

Founder and CEO