Evaluating only SaaScore’s profile at its peak — without knowing the outcome — the model ranked Competition as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
FUNDING
CRISIS
SHUTDOWN
Full Analysis
Free · no account needed
Documented cause
SaaScore built an alternative credit scoring API for Peruvian fintechs, neobanks, and credit unions, using transactional data, social signals, and SUNAT (tax authority) data to score thin-file borrowers. The platform had 12 B2B clients processing 50,000 monthly scores. The Peruvian credit bureau incumbents Equifax and TransUnion expanded their thin-file scoring products in 2021, leveraging their existing bank integrations. SaaScore's SUNAT data access advantage was replicated when SUNAT launched a direct API for authorized financial institutions. Without a data moat or proprietary model advantage, the company could not justify its per-score pricing against bureau competitors.
Lesson
“Alternative credit data businesses must validate that their scoring accuracy advantage is large enough (>15% reduction in default rates) to justify switching costs from bureau relationships. Marginal improvements will always be matched.”