Today's News

Vancouver, BC, April 4, 2018--(T-Net)--New Ventures BC announced in a blog post today that Victoria-based Certn (who took home the BCIC NVBC Top Regional Startup prize in 2017), has raised over $1.0 million in new financing.

Certn is the developer of an AI platform and risk management solutions that helps create more accurate credit profiles for credit issuers, landlords and property management firms.

Using their proprietary technology Certn accurately predicts customer behaviour to virtually eliminate risk from credit and property portfolios.

The company reported that since winning the NVBC competition, the company has  doubled its revenue month over month, grown their team by 4x the size, and raised 1M in financing.

See the full update and interview with Certn on the New Ventures BC Blog post here.

About Certn

Certn was founded with the goal of building a platform that enhances how we evaluate credibility in order to help promote financial inclusion for the public, while reducing risk for financial institutions, landlords and employers.

One of the largest challenges facing financial institutions, landlords and employers is how to effectively service potential customers who are considered 'unbanked' or 'underbanked', and how to avoid losing some of their best potential clients because they have 'thin' or 'no' credit. It's estimated that more than 3 billion people globally could gain access to credit at affordable rates if there was an effective way to assess their ability to pay. We aim to solve this problem with behavioural and data science to accurately predict what a customer will do, regardless of their lack of credit history.

Certn is a platform that uses data points from thousands of sources to not only look at the past, but for the first time, leverage data science to predict the future. Using machine learning and artificial intelligence (AI), we attempt to create the most comprehensive and predictive applicant profiles available. This allows our customers to effectively validate identity, and make better risk decisions while satisfying 'know your customer' (KYC) and 'anti-money laundering' (AML) requirements.

Photo Credit: New Ventures BC

http://www.newventuresbc.com