“Can a cash-flow-based credit score replace FICO for thin-file consumers — and can that thesis survive the loss of bureau furnishing?”
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.
TomoCredit's cards run on Mastercard.
TomoCredit's lending and capital products are provided by TomoCredit (in-house).
The Embedded Finance Index 2026 maps 2 layers in TomoCredit's stack: Card network (Mastercard); Lending (TomoCredit (in-house), TomoScore underwriting, Tomo Charge Card (discontinued 2023) and TomoBoost credit-building subscription).
TomoCredit was founded by Kristy Kim and Dmitry Kashlev and is founded in 2019, headquartered in San Francisco, CA, United States.
TomoCredit has raised $139.1M in total (latest round: Series B, 2022 ($122M equity + debt); valuation: $222M (2022)).
Get a read on where your own stack stands against TomoCredit and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.