Case Study: MPower transforms credit scoring and expands market access with SparkBeyond

MPower accelerates credit scoring and expands market with SparkBeyond

MPower, a Zurich-based B2B renewables start-up, needed to build an accurate credit scoring model to assess applicants in emerging markets who often lacked a formal credit history. They faced the challenge of finding meaningful features within unstructured, raw data sources like handwritten applications. SparkBeyond's platform was used to assist in this feature engineering process by mining patterns from raw text data.

SparkBeyond's solution involved using its Discovery platform to join various unstructured data sources, swiftly interpret written answers, and generate robust behavioral profiles. This allowed MPower to assess an applicant's willingness to repay loans. The process was hugely accelerated, leading to increased revenue growth for the client and providing them with accurate cashflow projections to underpin future funding rounds.

MPower