TomoCredit
“Can a cash-flow-based credit score replace FICO for thin-file consumers — and can that thesis survive the loss of bureau furnishing?”
Founded2019
HQSan Francisco, CA, United States
FoundersKristy Kim, Dmitry Kashlev
Total raised$139.1M
Latest roundSeries B, 2022 ($122M equity + debt)
Valuation$222M (2022)
IndustryFintech / Consumer credit-building
The story
Founded 2019 to give immigrants a credit card underwritten on cash flow rather than FICO, TomoCredit raised $122M in 2022 on a plan to expand into auto loans and mortgages. Instead, it stopped issuing its Mastercard charge card in 2023 and was cut off by all three bureaus in 2024, ending the card-plus-tradeline model. It has since pivoted to a subscription 'credit-boosting' service (TomoBoost) built on open banking and cash-flow data via the TomoScore, positioning itself as an AI credit-decisioning platform — a positioning under active scrutiny after a February 2026 Forbes investigation into its practices.
Last 12 months
Product timeline
2019
Founded as TomoCredit (originally OmbreData) to help immigrants and thin-file consumers build credit without FICO· pivot
2021
Raised $7M seed; launched Tomo credit card underwritten on cash flow (TomoScore)· card
2022
Raised $122M Series B at $222M valuation; expanded plans into auto loans and mortgages· lending
2023
Stopped issuing the Tomo Mastercard charge card· pivot
2024
Experian, TransUnion and Equifax all ended data-furnishing partnerships with TomoCredit· pivot
2025
Repositioned as a credit-boosting subscription service (TomoBoost) using open banking / cash flow data· pivot
2026
Appointed Joseph Lindsay (ex-Experian Open Banking CTO) as CTO and John Suh as Executive Director; Forbes exposé on misleading credit-boost claims· pivot
The stack
2 layers disclosed in TomoCredit’s embedded-finance stack
Card network
Lending
in the full report
Accounting gap: none
4 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.