Most Innovative Companies


LenddoEFL (formerly EFL Global) emerged out of research on psychometric credit scoring at the Entrepreneurial Finance Lab within the Harvard Center for International Development. The company became an independent, for-profit organization in 2010, and within three years was partnering with banks in Africa, Asia, and Latin America to assess the creditworthiness of unbanked small businesses. In 2015, it introduced SMS-based loan applications, further expanding its reach. The organization has now helped lend $1.5 billion to over 1 million entrepreneurs in 15 countries around the world. Using LenddoEFL’s psychometric scores, which take into account knowledge, abilities, attitudes, and personality traits, bank partners report that they have lowered default rates by 40% while increasing loan volume.  

2018: Finance
headquarters: Singapore