Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.


  • Deep tech specialist Sunstone Capital leads Series A round alongside White Star Capital
  • New partners Zopa and Toyota Financial Services (UK) plc announced
  • $5m of new funding will drive expansion into new markets outside the UK
  • Series A funding milestone comes shortly after FCA approval in 2016, making Aire the first significant entrant in the sector beyond the Big 3 bureaux 

London;21st July 2017 – Aire, which provides a more accurate way for lenders to understand and score credit applicants, today announces the closing of a $5m Series A funding round, led by Sunstone Capital alongside White Star who previously led Aire’s Seed round in 2016.

In conjunction with closing the latest round of funding, Aire today also announces two new high-profile partnerships across different sub-sectors of consumer credit: Aire is embarking on projects with the pioneering financial services company Zopa as well as the world-leading car finance business Toyota Financial Services.

Zopa and Toyota Financial Services join other sub-sector partners including credit cards and highstreet banks, reaffirming the reputation of versatility associated with Aire’s technology which can be applied at various stages of the credit cycle.

Aire’s products such as the Interactive Virtual Interview (IVI) can be applied and integrated to help lenders and highstreet banks better understand a wide range of credit applicants, many of whom have thin-file credit histories such as first-time borrowers and self-employed or freelance workers. In turn, this approach to financial inclusion allows financial institutions to serve more consumers without having to increase their risk thresholds.

The business, whose focus is to make the old-fashioned credit scoring system fit for a new generation of borrowers, has to date successfully scored over $5 billion of credit across various categories of consumer credit. Aire’s expansion has resulted in a necessary recruitment drive and has allowed Aire to continuously enhance the accuracy of its algorithmic underwriting, and emulate the capabilities of human underwriters through machine learning.

This proven track record in establishing meaningful credit scores for various segments in the market, paired with gaining full Financial Conduct Authority (FCA) approval in September 2016 were key factors that contributed to gaining the confidence of investors.

Yacine Ghalim, PrincipalatSunstone Capital commented:

“Aire is a perfect example of the type of AI-enabled companies we have been looking for: vertically focused, having direct access to a proprietary dataset, addressing a high-value industry problem by using machine intelligence to extend the shortfalls of human experts.

Aire is also a good illustration of our growing interest in companies operating in regulated spaces. We have increasingly been willing to take this type of risk in finance or healthcare, where we see regulation as a great competitive moat.

“We participated in Aire’s seed round and have since then been repeatedly impressed by the team’s ability to not only build cutting edge technology, but also successfully engage with regulators as well as leading customers. We believe that they have a real shot at transforming their industry and are delighted to lead their series A” 

Christian Hernandez, Managing Partner at White Star Capital continued:

“From Seed to Series A we have closely followed the progress of Aire as we have seen the business develop its proprietary algorithms and enhance the products it brings to market, while building an enviable team of talent from underwriting and software backgrounds.

 “The forward-looking and long-term plans from this business present a confidence in the business model which is reflected in the numerous new parterships from banks to alternative lenders who are embracing the opportunities that the Aire products can realise for them.

 “We look forward to continuing our close support for Aire in what promises to be a bright future for the business.”

 Aire’s founder and CEO Aneesh Varma concluded:

“Aire has stood for an idea that people should have equal opportunities for financial products despite changing realities of work, lifestyle and careers in this modern economy. This new funding round is strong vindication that we are making the right progress towards that goal.

 “The last year has been exceptionally positive with the FCA authorisation, new partnerships, increasing data volumes and now the funding to go into new markets. We are keen to bring Aire to as many people as we can, so there is still a busy time ahead of us on this mission.”