Trust Science Named One of 2022’s Top/Fastest Growing Companies

Credit Bureau+ by Trust Science logo.  text reads "Featured in the Company Rankings of Fastest Growing Companies report.  Like FICO, but for subprime.  #20 of over 4 million, 2,144% growth"

Trust Science has been recognized by the Globe and Mail as a Top Growth Company

Trust Science was ranked in the top 20 of the 430-strong list of fastest growing companies by The Globe and Mail, the Canadian equivalent of The Wall Street Journal.

With COVID and all the recent market uncertainty, more and more lenders are realizing that traditional “borrower rating” isn’t working for a large group of consumers.”

— Evan Chrapko, Founder and CEO, Trust Science

PALO ALTO, CALIFORNIA, Sept. 23, 2022 / — Trust Science has been named among the top 20 of 430 fastest growing companies by The Globe and Mail, the Canadian equivalent of The Wall Street Journal . The award recognizes companies with annual sales of over $2 million and three-year sales growth of over 50%: Trust Science easily surpassed the hurdles of the competition with a three-year growth rate of over 2,100%.

1. The company’s Credit Bureau+™ (a FinTech SaaS platform) helps lenders find over 70 million Invisible Prime™ borrowers and lend them credit that traditional credit rating systems don’t see or are simply mis-rated
2. Lenders have seen 25% fewer defaults, 50% more lending, and double or triple digit ROI
3.Growth is just beginning; More and more leading lenders in the US and Canada are using Credit Bureau+ for lead screening and credit decision making

Find over 70 million credit invisible and misrated borrowers
Powered by explainable AI (“xAI”) and statistical learning technology, Credit Bureau+ is able to actually take advantage of today’s volatility to produce highly accurate and FCRA compliant scores despite fluctuating economic conditions. Crucially, Trust Science provides its lender clients with an accurate assessment of historically underserved populations – what Trust Science calls Invisible Primes.

“Due to COVID and all of the recent market uncertainty, more and more lenders are realizing that traditional ‘borrower rating’ isn’t working for a large number of consumers,” said Evan Chrapko, Founder, Chairman and CEO of Trust Science. “With over 40% of conventional scores below 700 being inaccurate, lenders are looking for ways to automate their processes and receive a more accurate lead review and application decision – solving this economy-wide problem has fueled our growth.”

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As Trust Science continues its rapid rise as one of Canada’s fastest growing companies – aiming to enjoy the same moniker across North America – it will remain focused on helping lenders find better marketing leads and better informed ones granting loans. This not only enables lenders to safely serve consumers amid ever-increasing volatility, but also creates opportunities for financial inclusion and a gateway for previously marginalized people into the modern economy – a key aspect of Trust Science’s mission.

“Time, money and ingenuity were our ingredients, and financial inclusion for deserving but overlooked borrowers was our achievement,” adds Chrapko. “Our platform has ingested millions of files and we aim to ingest tens of millions of files in the not too distant future. My team of geniuses and our progressive clients make positive social contributions, especially for Invisible Primes – people like youth, BIPOC, immigrants and other marginalized populations.”

Innovation and Disruption of the Dinosaur Credit Score Industry
Years of research and development, sticking to a vision and executing it in the market led us to become a top growth company. Now lenders can make more accurate, FCRA-compliant decisions throughout a borrower’s lifecycle. Trust Science’s proprietary FinTech SaaS, which predicts consumer borrowing behavior, brings value throughout a lender’s business, from lead sourcing and verification to credit decisions, identity and fraud protection, and even securitization negotiations.

“Trust Science is one of the first companies to master explainable AI and statistical learning for commercial use cases,” added Chrapko, who has a background as a serial technology entrepreneur specializing in industry disruption with over $1/2 billion in shareholder earnings Has. “Combined with our battle-tested security and decision-making logic unlocks so many more capabilities that we can deliver to our customers—capabilities that would turn the heads of conventional industry giants.”

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Trust Science built a cloud-native, mobile-native platform from the ground up. This is a departure from a few dominant multi-billion dollar global players trying to either upgrade or flee their old, legacy mainframe-style infrastructure and legacy computer modeling methods, some of which are isolated from country to country. Trust Science’s global architecture and cutting-edge technology is protected by 50 patents issued from 13 different countries, with many more patents pending.

2,144% growth is just the beginning
A bootstrap company with no institutional investors, Chrapko has been self-funded, along with supportive, high-profile individual investors, such as the recent investment by Seattle’s Unicorn Whisperer. In the face of unrelenting global volatility, and as more and more lenders realize that traditional credit marketing and valuation methods have been eclipsed, Trust Science’s growth is just beginning.

“Extreme growth is extremely expensive. On the road to break-even cash flow, now is the time to connect with growth-oriented, permanent and/or strategic institutional investors who can write 8-figure checks and add tangible non-monetary value,” says Khrapko. “Our mission is to help deserving people get the credit they deserve and there are billions of them in the world who are in dire straits because lenders have not had a proper rating/decision system until now .”

About trust science
Trust Science delivers its award-winning Credit Bureau+™ FinTech SaaS for banks, credit unions and consumer finance firms, uncovering the 70+ million Invisible Prime™ and Hidden Prime™ borrowers that have been overlooked in traditional lead sourcing/screening and credit decision-making. Its innovative technology is protected by 50 patents (2 of which have been successfully used in an offensive role in the US) and trademarks issued in 19 countries, with many more patents and trademarks pending. Trust Science enables superior lender insights and decisions, From Lead to Loan™, delivering ROIs of up to 201x and significant increases in numerous financial (ROE, ROA) and statistical metrics such as (AUC/ROC, KS and Gini). Trust Science was cited by PwC® and gardeners® and was included in the Real Leaders 2022®‘ Global Impact 200 list alongside other ESG forward technology companies such as Microsoft® and Tesla®. Trust Science prioritizes compliance with consumer protection and privacy laws (e.g. FCRA, ECOA, PIPEDA, CCPA). Trust Science is preparing to raise Series B level funds for one of the simplest cap tables in business.

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Trust Science, Credit Bureau 2.0 and Troo are registered trademarks and Invisible Prime, Hidden Prime, Smart Consent, Credit Bureau+, Credit Bureau 3.0, Credit Bureau 4.0, Personal Credit Bureau, Six°Score, Auto Six°Score, Auto Bureau and Auto Credit Bureau are trademarks of Inc.

Evan Chrapko
Trust the science
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