Why Canapi Is Backing Nova Credit, The Leading Credit Access Solution For Newcomers by Neil Underwood
This article originally appeared on canapi.com/insights. Immigrants are a vibrant part of today’s economy and play a significant role in fostering innovation globally. In fact, more than 40% of Fortune 500 companies and more than 50% of $1B+ startups were founded by first-generation immigrants or their children. Unfortunately, many newcomers face a common barrier that many of us take for granted – access to basic financial products, cell phones or utilities. At its core, the issue is a data problem. In a world where automated credit scoring systems like those developed by FICO have...