【】

SelfScore launched its first product last summer with relatively little fanfare: a credit card for international students.。

On Tuesday, it launched a new card with a much higher spending limit in a very different political climate. Its credit cards serve international students from all over the world --including the seven countries (Syria, Iraq, Iran, Sudan, Libya, Yemen and Somalia) named in President Donald Trump's first travel ban, which was halted in court. 。

SelfScore uses analytics to provide access to credit to international students in the United States who don't have a Social Security number or other identifying factors usually required to gain access to credit, loans and financial aid.
。

"These people who have so many credentials and indicators of creditworthiness, the traditional system doesn’t see them. They’re invisible," said Pat Nicholson, SelfScore's vice president of marketing.。

SEE ALSO:India wants to make credit and debit cards obsolete for payments。

"The traditional system doesn’t see them. They’re invisible."
。

The startup introduced its first credit card, a MasterCard with a $1,500 limit, in June. This week it added to the lineup a second card with a $5,000 limit. The cards build credit so that international students still in school now will have the foundation needed to buy a home, for example, in a few years.
。

SEE ALSO:New fund puts $141 million toward digital finance in the developing world 。

For right now, SelfScore is still only serving international students. But financial products that serve people without Social Security numbers could have much wider applications: for new immigrants besides students and for the undocumented, for example.。

最新评论