ClearScore

Important insights here into the way credit information is presented to consumers. We're proud to support Plain Numbers in transforming financial communication, proving that clearer communication leads to better outcomes.

It's not everyday you see your brand on the Nasdaq Tower! ClearScore CEO and co-founder Justin Basini was delighted to take part the QED Investors IPO readiness workshop with 11 other QED portfolio companies from the U.S., UK, Ireland, Mexico, Brazil, India and Nigeria for a series of informational panels and sessions to explore the process of going public and everything it entails. We're on an exciting growth trajectory, taking our data-driven marketplace model around the world, impacting the lives of 24m global users.

The worst 10% of drivers are six times more likely to crash than the best 10%. And there are more gems in the white paper: 📱 15% of the trips in the UK included at least one instance of phone distraction! And even higher at night and in summer. 🚧 34% of drivers were distracted with their phone when they crashed… ! 🚑 … and handheld calling increased the average impact of an accident by 31%! 💰 50% fewer crashes mean premiums may decrease by 40%! 🚗 A good driving score results in a better car finance deal as well! A separate article has shown this. The solution comes with some significant benefits to both drivers and insurers: 👩 It also differentiates among young drivers – go to page 9 of the white paper 🎮 #DriveScore have engaged users. Drivers improve over time, and gamification promotes this even more. Drivers can join a group and check how they are driving against others. 📈 In contradiction to other solutions: it measures risk first, then provides a price! 🥇 The #DriveScore app has better drivers than average – go to page 8. This may be a result of both self-selection and the Hawthorne effect. The #DriveScore app from ClearScore has hundreds of thousands of users and more than a billion miles. The driver is really in the driving seat – for both the car and their data! (I hope you also like this little word play) See links in comments!

Our driving app, DriveScore, brings personalised driving data to the forefront of the car insurance underwriting and pricing process. Unlike traditional black box policies, DriveScore provides users with control over their driving data, creating a free, sustainable model for insurers to harness the benefits of telematics without significant investment. Our analysis, with Cambridge Mobile Telematics, shows that young drivers with high driving scores are significantly safer than their peers, challenging the stereotype that all young drivers are high-risk. https://lnkd.in/exz4Db92

We extend our deepest gratitude to ClearScore for their generous donation to GirlCode. Your support empowers us to reach more girlcoders and play a vital role in their journey toward success in the tech industry. Together, we are shaping a brighter future for girls in tech. Join us in this mission! By donating to GirlCode, you can help us create more opportunities for girls to thrive in technology and build a more inclusive future. Let’s work together to inspire and empower the next generation of female tech leaders. Donate today and be part of the change! For more details, visit our website: https://zurl.co/FPFOo #girlcodeza

We’re delighted to announce that we have successfully completed the acquisition of Aro Finance Limited. The integration of the Aro business allows us to expand into exciting new areas, namely secured lending through our new call centre operations, and embedded finance solutions with leading UK retailers.  This deal allows us to extend our data-driven approach to matching users with financial services products to new audiences and help even more people manage their financial wellbeing. This is an important next step in the evolution of our Group.   We welcome new colleagues from Aro and we are excited to support our lending partners, and retail partners, with new ways to deliver growth leveraging the considerable combined capabilities of ClearScore and Aro.  

💡 We continue to support underserved users, and in our latest research we pose the question: What is the best way to communicate the cost of short-term loans? The answer, it seems, does not involve APRs. The next step is to test this with real users in the ClearScore marketplace.

Can customer understanding be significantly improved?  We set out to prove it can—and the results speak for themselves. Through rigorous randomised controlled trials with market-leading firms, we demonstrated that the Plain Numbers Approach can double the number of customers who understand a communication. Our founding partners— Atlanta Group, ClearScore, Direct Line Group, and Thames Water—were instrumental in this success.  We're proud to share that all four founding partners have renewed their partnerships, reaffirming their dedication to making communication more accessible and impactful for their customers.  Since those early research trials, our work alongside these firms — and the 30+ organisations that have since joined them—has helped improve communication clarity for countless customers. 

More to come from the ClearScore Group in 2025 on leveraging data for a better deal on car insurance and now car FINANCE. Watch this space 🚀

ClearScore expands into embedded finance through Aro acquisition. 💡 ClearScore, which provides consumers with credit rating information and credit card and loan referrals, is aiming to move into business-to-business-to-consumer channels through the embedded finance offering of Aro. ➡️ https://lnkd.in/e8xzBAXf 🔗 #acquisition #b2c #embeddedfinance #consumers #UKtech