Neu Money Boosts Approvals by 23%

Table of contents

Client’s bio

Neu Money is a U.S. fintech focused on credit building.

Its credit card serves people starting their U.S. credit journey. This includes students, recent graduates, immigrants, and first-time cardholders.

For many Neu customers, traditional credit history is limited. Some are building a U.S. credit file for the first time.

Neu helps these customers access credit and build history through responsible card use. The company reports card activity to all three major credit bureaus.

No security deposit

Get an unsecured credit card with no deposit required.

$350+ credit limit

On-time payments over time can help increase your credit limit.

Build credit history

Neu reports card activity to all three major credit bureaus.

Challenge

When you work with people who need to build credit, the challenge is clear. There is often very little traditional lending data to work with.

That makes scoring harder. A limited credit file leaves risk teams with fewer signals to rely on.

Neu Money needed another source of information. It had to help assess people with little or no credit history.

The team also wanted those signals early in onboarding. They needed more context without adding extra friction for applicants.

That additional visibility could support both credit decisions and fraud checks.

Why RiskSeal Become the Right Fit for Neu Money

Neu Money needed a way to assess applicants whose traditional credit records told only part of the story. Students, recent graduates, and immigrants may be new to U.S. credit while already having an established digital footprint.

RiskSeal’s digital footprint analysis offered another source of context for these applicants. It matched Neu’s need to bring additional information into credit and fraud assessments early in onboarding, without adding extra steps for applicants.

Solution

Neu Money adopted RiskSeal’s Digital Credit Scoring API as an additional predictive layer for risk scoring and customer onboarding.

For each applicant, RiskSeal delivered 450+ signals from 200+ digital sources. These signals gave the risk team more data points to support credit and fraud decisions alongside existing checks.

Before going live, Neu Money tested RiskSeal data against historical outcomes. The team used this backtesting stage to evaluate how much predictive uplift the additional signals could bring.

Once the results were validated, the teams moved to implementation. RiskSeal’s API integration was completed in one business day.

Results

The partnership gave Neu Money more visibility into thin-file applicants. That stronger information base supported both growth and portfolio performance.

86% of thin-file applicants enriched

RiskSeal provided additional digital signals where traditional credit records offered limited visibility. This gave Neu’s risk team a broader view of applicants with little or no credit history.

23% increase in approvals

With more context available during risk assessment, Neu identified more applicants it could serve with confidence. The additional signals helped the team extend credit to customers whose traditional credit files alone offered too little information.

18% reduction in credit losses

Higher approvals came alongside lower credit losses. Neu was able to expand access to credit while maintaining tighter control over risk.

Client reference

RiskSeal's alternative scoring signals have strengthened our ability to assess risk and mitigate fraud – an important foundation as we work to bring more underserved Americans into the credit system.

At Neu Money, we're helping students, young adults, and recent immigrants build credit from scratch in the U.S. RiskSeal gives us additional context beyond traditional credit history, helping us better understand applicants who are new to the U.S. credit system.

Michael Agre

Chief Risk Officer, Neu Money

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Neu Money Expanded Access to Credit in US While Improving Portfolio Quality