# TomoCredit

> TomoCredit is a San Francisco fintech that issues a credit card to people the traditional system can't see - immigrants, students, and first-time borrowers with no FICO score. Instead of a credit check, its proprietary 'Tomo Score' underwrites applicants on cash-flow and bank data, with no deposit, no APR, and no fees, earning revenue purely from merchant interchange. Founded in 2018 by Kristy Kim after she was denied a car loan as a Korean immigrant with no credit history, the company has processed millions of applications and is now building TomoIQ, an AI financial assistant that turns professional-grade money guidance into something anyone can use.

- **Founded:** 2018
- **Headquarters:** San Francisco, California, United States
- **Founders:** Kristy Kim (Co-Founder & CEO), Dmitry Kashlev (Co-Founder & former CTO)
- **Team size:** Approximately 21 employees (per available company data)
- **Products:** Tomo Card, Tomo Score, TomoIQ
- **Notable:** Raised a $22M Mastercard- and Morgan Stanley-backed Series B at a $222M valuation, plus $100M in debt financing., Reported a default rate of about 0.11%, far below the ~2.5% cited for American Express., Says it has helped over 3 million people access credit with no fees or interest.

## Products & services

- **Tomo Card** — A credit card with no credit check, no deposit, no APR, and no fees. Applicants are approved using the proprietary Tomo Score, which reads bank and cash-flow data instead of a FICO score. A weekly autopay structure helps users build credit quickly.
- **Tomo Score** — A proprietary underwriting algorithm that identifies high-potential borrowers without a traditional credit score, using alternative data such as bank-account activity and cash flow.
- **TomoIQ** — An AI-powered financial wellness platform and agent launched in 2025 that delivers personalized, real-time money guidance - monitoring spending, flagging risks and fraud, and shifting users from reactive budgeting to automated financial decision support.

## Achievements

- Raised a $22M Mastercard- and Morgan Stanley-backed Series B at a $222M valuation, plus $100M in debt financing.
- Reported a default rate of about 0.11%, far below the ~2.5% cited for American Express.
- Says it has helped over 3 million people access credit with no fees or interest.
- Built a proprietary Tomo Score underwriting model that approves applicants with no FICO score.
- Launched TomoIQ, which the company says scaled 53x in user growth within six months of beta.
- Featured across CNBC, Forbes, Fast Company, NYT, WSJ, Business Insider and more.

## Latest updates

- **2026-04** — Announced an enhanced TomoIQ AI financial agent aimed at shifting personal finance from reactive management to continuous, automated decision support.
- **2025-12** — Introduced AI-powered tools to help consumers manage holiday spending, with real-time monitoring for unusual patterns and fraud risk.
- **2025-05** — Unveiled TomoIQ, an AI-powered financial wellness platform; company reports 53x user growth within six months of beta.
- **2022-07** — Closed a $22M Series B led by Morgan Stanley Next Level Fund with Mastercard, plus $100M in debt financing from Silicon Valley Bank.

## Links

- Website: https://tomocredit.com
- LinkedIn: https://www.linkedin.com/company/tomocredit
- Twitter/X: https://twitter.com/tomocredit
- Instagram: https://www.instagram.com/tomocredit
- Facebook: https://www.facebook.com/tomocredit
- TikTok: https://www.tiktok.com/@tomocredit

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Profile page: https://yespress.io/tomocredit
Published by YesPress — https://yespress.io
Last updated: 2026-06-27