Concerto

About

Concerto builds co-branded credit card programs for brands, integrating via APIs with banks and card networks, embedding rewards in brand apps, using ML on credit datasets to model risk.

Mission

Concerto develops and deploys co-branded credit card programs for brands, applying machine learning and advanced data analytics to measure and predict credit risk. The company integrates via APIs so card features and rewards can live inside a brand’s apps and websites, and it works with banks and card networks rather than replacing those relationships. Initial partnerships include Major League Baseball teams that will roll out Mastercard-issued cards with exclusive experiences, memorabilia and digital wallet capabilities. Concerto says it uses ""multiple millions"" of credit bureau and application data points to build credit-approval models; the article notes such models can be susceptible to bias and that Concerto did not respond about mitigation steps. The company plans to ramp operations, add partners and launch new features and programs that it says will be disclosed in coming weeks. Financially, Concerto has raised capital to support that growth and is projecting an optimistic run rate to add 500,000 customers by the end of 2022.

Quick Facts