https://techcrunch.com/2022/04/21/fintech-startup-pillar-raises-16-9m-pre-seed-led-by-global-founders-capital-and-backed-vc/

Immigrants to a new country can often be cash-rich. The problem is, is that they have no credit history in their new country. Plus, a consumer cannot take their credit file from one country to another. Furthermore, credit bureaus are rarely coordinated or joined up across countries. The upshot of this is that those that can get credit find themselves paying a disproportionately higher cost of borrowing. And immigrants have to start again every time they move to another country.

Companies like CapOne, Vanquis and NewDay have been promising to focus on this, but the problem remains a thorny one to solve. Credit fintech startups like Yonder, (raised £25.9M), Keebo (raised $6.9M) and Tymit ($21.5M) are attempting to address this.