| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | UK |
| Sector | Fintech |
| Collapse type | Silent Shutdown |
Koyo
"The London fintech using Open Banking to offer credit to immigrants and young people with thin credit files, raising 10 million pounds before shutting down in 2023"
Quiet closure with no public announcement
Key Events Timeline
Koyo built a credit platform using Open Banking transaction data to underwrite loans for people with thin or no UK credit histories — recent immigrants, young adults, and people who had been rejected by traditional credit scoring.
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