Richard Eldridge

  • Current company Lenddo
  • Location Philippines
  • Industry Financial Services

Lenddo is a SaaS company which uses non-traditional data comprising social media and smartphone records in order to ascertain potential borrowers’ financial stability. Its vision is “to improve credit access for at least a billion people” in developing countries around the world by 2020. Started in 2011 as a lending institution, the company pivoted to 100% licensing its technology to banks and other financial institutions in 2015, and operates in 20 markets with Philippines, India, Colombia and Mexico as some of its largest. The company saw the largest ever Series A in the Philippines with the financial backing ($24M in total) of some of the leading VCs globally – Accel Capital, Blumberg Capital, Omidyar Network, iNovia and Metamorphic Partners, Kickstart Ventures, Golden Gate Ventures, Skype Co-Founder, Toivo Annus, and Barry Silbert.

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