Qlarifi, an innovative fintech startup focused on developing a buy-now-pay-later (BNPL) consumer credit database, has successfully secured £1.4 million in pre-seed funding.
This funding round attracted significant backing from HoneyComb Asset Management, Carthona Capital, and a group of angel investors, including notable Australian rugby icon John Eales.
Qlarifi’s platform is designed to aggregate BNPL consumer credit data, offering lenders a comprehensive view of borrowers’ credit histories and repayment behaviors across various providers. The company highlights that there are approximately 415,000 BNPL applications submitted daily in the UK, a number that far exceeds the 68,000 daily credit card applications, which is the second most common lending option.
Loic Berthou, co-founder of Qlarifi, stated, “We recognized the need to empower lenders with more informed underwriting decisions by leveraging the expansive and evolving dataset of transactions. Our goal is also to assist consumers in establishing a positive credit history through the responsible use of BNPL services. Our vision was clear, and we are pleased that our investors share this perspective.”