What is "lenddo"

Around the world, millions of members of the aspiring middle class find themselves in a chicken-or-egg-type dilemma. Even though they have steady income, they still can’t access credit, because of lack a formal credit history. Yet, most of these consumers carry a smartphone, are online and connected through social networks, leaving behind a digital footprint that can be analyzed to better understand who they are and their attitudes toward credit. Lenddo is a Singaporean-based Service-as-a-Software company has developed its patented technology of Credit Scoring and Identity verification based on 4 years of actual online lending experience. Its vision is "to improve financial inclusion for at least a billion people" in developing countries around the world. As of October 2013, Lenddo has over 350,000 members globally.