nuvo

nuvo

Businesses save time and money by reducing credit losses.

HQ location
South San Francisco, United States
Launch date
Employees
Enterprise value
$136—204m
More about nuvo
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Nuvo Credit is a fintech company specializing in automated credit risk assessment and fraud prevention. The company serves businesses looking to accelerate credit approvals and improve customer purchasing power by providing insights into creditworthiness from multiple data sources. Operating in the financial technology market, Nuvo Credit's business model revolves around offering a subscription-based service that helps clients evaluate customer creditworthiness in-house, thereby reducing reliance on insurers and card processors. This approach not only speeds up revenue generation but also enhances the customer experience by minimizing risk and streamlining workflows. Nuvo Credit makes money through subscription fees for its platform, which includes features like continuous monitoring of customer credit health and proactive risk management. The company primarily targets businesses that require efficient credit control processes and wish to safeguard their financial interests.

Keywords: fintech, credit risk, fraud prevention, automated assessment, subscription service, financial technology, customer creditworthiness, revenue optimization, risk management, credit approvals.

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