MyCredit Attracts New Investment to Scale Its AI Credit Decisioning Technology

AI Credit Startup MyCredit Raises New Funding as Investors Bet on Automated Lending Infrastructure

When Aleksandr Katsuba describes MyCredit, he’s quick to distance the company from the image of a typical consumer lender.”Our focus is not the financial product itself, but the infrastructure behind it,” he says. For investors, that distinction is increasingly what matters.MyCredit, a digital credit platform, has closed a new funding round, according to people familiar with the deal. The company has not disclosed the amount. What’s clear, however, is where the money is going — not into loan books, but into code.The startup is building what it calls an automated credit decisioning engine: a system that evaluates loan applications in real time by pulling in data from open banking feeds, telecom metadata, device signals, and digital identity checks. The idea is that a well-designed machine can make underwriting decisions faster, more consistently, and at a fraction of the cost of a human team — and do it across borders without requiring a new office in every country.That pitch is resonating with investors at a moment when fintech companies are under pressure to grow internationally without proportionally ballooning their headcounts or operational risk. Platforms that can embed compliance and fraud detection directly into their architecture — rather than bolting it on after the fact — are seen as better bets in regulated markets.MyCredit’s expansion targets are markets where that challenge is particularly acute: Mexico, the Philippines, Indonesia, Malaysia, and Vietnam. Digital penetration in these countries is high, but credit infrastructure is still developing, and regulatory frameworks continue to shift. For a company betting on automation as its core advantage, these are both the hardest and most promising places to operate.The freshly raised capital is expected to fund product and engineering work over the next three to four years, with a focus on improving the platform’s real-time risk models, fraud detection tools, and compliance systems. According to people close to the company, Katsuba positioned MyCredit to investors as a technology business rather than a financial services company — a framing that appears to have landed well.Whether the bet pays off will depend on how quickly MyCredit can prove its models work in markets where data is sparse and regulatory ground rules are still being written. But for now, at least, the investors are convinced the infrastructure is the product.

This article is not intended as financial advice. Educational purposes only.