Trusting Social: Vietnam’s Newest Endeavor Entrepreneur
We are thrilled to announce that Trusting Social has become the latest Endeavor Entrepreneur from Vietnam! Congratulations to CEO Nguyen An Nguyen and welcome to the extraordinary Endeavor network!
Trusting Social uses proprietary AI solutions to enable financial institutions to accurately assess the creditworthiness of overlooked individuals, both with and without an existing credit histories. The company operates mainly in Vietnam, India, and Indonesia, and provides its credit insights services to banks, nonbanking financial institutions, fintechs, and consumer Internet platforms, enabling them to provide the appropriate lending products to underserved consumers. Trusting Social currently offers three services: Credit insights on individuals, Targeted customer acquisition & KYC identity and verification services. Trusting Social has raised over $27M from prominent investors including Sequoia, Beenext and 500 startups, and the company is on track to cover 1 billion mobile subscribers for credit scoring by the middle of this year.
While we weren’t able to continue in-person with the Brooklyn ISP due to the coronavirus crisis, we are thrilled to have wrapped up our first ever virtual ISP over Zoom, to select the next class of Endeavor Entrepreneurs! A pioneering group of candidates and panelists worked with Endeavor to juggle time zones across Brazil, NYC, Louisville, San Francisco, Ireland, Nigeria, Vietnam, Indonesia, Singapore and more. This is an incredibly exciting time for us as we bring the “magic of Endeavor” to this new pilot of our selection process.
The ISP is the culmination of a rigorous multi-step selection process to identify high-impact entrepreneurs who demonstrate the potential to leverage Endeavor’s resources and mentorship to create large-scale wealth and jobs, and are committed to reinvesting their time and money in their local entrepreneurship ecosystems to help others take off.
Over the course of the three-day event, panelists drawn from Endeavor’s extensive network of board members, mentors, supporters, and experienced Endeavor Entrepreneurs, interview entrepreneur candidates about their businesses, evaluating them on their potential for high-impact growth, and deliberating on which candidates should be selected to become Endeavor Entrepreneurs. Panelists must vote unanimously for a candidate to become an Endeavor Entrepreneur.
Once selected, Endeavor Entrepreneurs gain access to comprehensive customized services, including introductions to local and international business mentors and volunteers from Fortune 500 consulting firms who will help them address key needs.
Endeavor Entrepreneurs have had a significant track record of impact. Endeavor Entrepreneurs have created 3 million jobs, generated $20 billion in revenue in 2018, and help build sustainable growth models in their home countries.