Who They Are

CreditSCRIPT, a Holt Fintech Accelerator 2018 cohort team, is an investment platform that is focused on being a one-stop-shop for professional investors to access investment opportunities in alternative lending.

Alternative lending — buying loans to consumers, small business and real estate developers — can produce good returns for investors, up to 6 to 10 percent higher than what the CreditSCRIPT founders observed from buying comparative high yield bonds; from there, they found that Financial Institutions significantly benefited from allocating money to alternative lending. but struggled with the infrastructure, algorithms and tech need to deploy their cash. They began building their platform to address this niche by streamlining the process.

“With consumer behaviour changing and the increasingly digital nature of the economy, you do have a challenge in terms of being able to cope with significant amounts of data from a large number of  lenders and with routing orders efficiently across the market. We’re very useful to these organizations, as a lot of our work helps institutions find liquidity and cope with this new avalanche of data. We just try to simplify investing in the digital lending marketplace.”

Justin Farr-Jones, CreditSCRIPT CEO

How They Work

CreditSCRIPT has been active since it was founded in 2016. The team has seen significant interest and success in their model; they’ve secured their first institutional mandate for over $100 million in funding, and believe they can scale to a billion dollar target in the next three years.

Ultimately, CreditSCRIPT’s team want to make their platform a global solution for digital lending marketplaces. At the moment, they’ve concentrated on Europe and North America, but plan to eventually expand coverage into South America, Asia, and the MENA region.

“There are 342 digital lenders between Europe, North America, and the MENA region that have originated $50 billion dollars in lending digitally. These are customer journeys that are largely driven across smartphones and web applications.

We think that number will hit $250 billion by 2025. We want to integrate those lending networks and scale with that growth.”

Justin Farr-Jones, CreditSCRIPT CEO

Recipe for Success

CreditSCRIPT’s first institutional mandate from a significant private equity firm is a big success for the team, as it underlines the quality of their offering to the wider financial ecosystem.

With the backing of the mandate, they’ve launched a private beta open for 20 professional investors and institutions, and have been able to come up with allocation engines for new investors to deploy funds in consumer, sme and real estate loans.

Joining the Holt Fintech Accelerator

As CreditSCRIPT’s team gets ready to release their Minimum Viable Product to the private beta participants, they’re looking for actionable feedback and ideas around market acceptance, critical features, and a successful release. Joining the Holt Fintech Accelerator will open up mentorship, partnerships, and capital to help them scale up and optimize their platform.

“The Holt Fintech Accelerator has brought together a really good panel of advisors and investors. Everyone is excited to see how we all progress.”

Justin Farr-Jones, CreditSCRIPT CEO

Bonus: Behind the Scenes

What would you like to see in the future of Fintech that is not currently possible or happening in the industry?

Justin Farr-Jones: I would love to see people empowered to make their money work harder. I love the idea of an AI powered financial advisor or bank manager inside every smartphone.

How do you blow off steam after a hard day’s work with CreditSCRIPT?

Justin: Usually, it’s either the gym or a gin. When the day has been really hard, it’s both!

What is a fact about CreditSCRIPT outsiders should know?

Justin: The CreditSCRIPT founders swapped the palm trees of Mauritius and olive groves of Tuscany to set up shop in rainy London!

Want to see more CreditSCRIPT?

Check out CreditSCRIPT on stage at Fintech Abu Dhabi!