TomoCredit Recognized with “Personal Finance Innovation Award” in 9th Annual FinTech Breakthrough Awards Program

TomoCredit is on a mission to simplify access to credit and provide personal finance education with an emphasis on inclusion for individuals often overlooked by traditional credit scoring systems. In the U.S. alone, over 28 million consumers are credit invisible, unable to fully participate in the economy due to the lack of a credit score. TomoCredit is changing that by providing these underserved communities with the tools they need to build and monitor their credit, empowering them to take control of their financial futures – allowing everyone to participate fully in the American economy.

One of TomoCredit's most innovative features is its AI-powered Marketplace, which gives users the ability to leverage their own financial data to directly connect with lenders. This approach eliminates the “data middleman,” ensuring consumers benefit from their own information and that lenders are matched with the right customers, those who may have otherwise fallen through the cracks of the traditional credit system.

Kristy Kim, Founder and CEO of TomoCredit, shared her thoughts on the award: “At TomoCredit, we believe that true financial wellness and a thriving economy start with inclusion, ensuring that everyone has access to opportunities, regardless of their background or credit history. I experienced firsthand the struggles of being a credit-invisible immigrant in the U.S., and it's this personal journey that fueled the creation of TomoCredit. This recognition from FinTech Breakthrough is an important milestone, and we're deeply grateful for it. It motivates us to continue providing innovative credit solutions while also prioritizing financial education so that anyone regardless of background can achieve their goals with confidence.”

TomoCredit's approach extends beyond traditional credit scoring. The company's TomoScore, a modern, cash-flow-based credit score, offers a risk-free alternative for businesses to assess the creditworthiness of high-quality borrowers who lack traditional credit scores. Additionally, TomoCredit's TomoBoost solution helps users improve their credit profiles by analyzing alternative financial data, such as income, savings, and spending habits, to create personalized strategies for enhancing creditworthiness. TomoCredit is paving the way and setting the example for ethical and effective AI innovation in fintech.