Prism Data

About

Prism Data is a financial technology company that specializes in cash flow underwriting and data analytics. Founded by the team behind Petal, Prism Data focuses on transforming raw banking data into actionable insights and risk scores. The company aims to expand access to credit for consumers who lack traditional credit histories. Since its launch in 2018, Prism Data has developed a range of services to assist lenders and financial institutions in making informed credit decisions. The company's offerings include cash flow underwriting, fraud detection, and income verification. Its proprietary risk scoring model, CashScore, predicts the likelihood of credit default using deposit account data, making it a valuable tool for assessing creditworthiness. Additionally, Prism Data provides insights and income categorization tools to help lenders better understand consumer financial behavior. With partnerships with notable companies like Plaid and Provenir, Prism Data has established a strong presence in the fintech sector and continues to grow, recently securing $5 million in seed funding to enhance its product offerings.