Modena is an Estonian fintech offering BNPL, instalment plans, consumer loans, and business credit, trusted by 100,000+ customers and regulated by the Estonian Financial Supervision Authority.
- Audience
- B2C & B2B in one flow
- New credit scoring system
- Built in 3 months
Challenge
Modena set out to expand BNPL and loan offerings, but the external credit-scoring provider they had been using was slow, unreliable, and forced customers through third-party interfaces that damaged trust. As a licensed credit provider, mission-critical payment operations could not tolerate that level of friction.
Solution
- AI-powered credit scoring engine. Built in-house in three months; ingests customer bank data, categorizes it, and returns a real-time creditworthiness score for both private and business customers.
- B2C + B2B application portal. One streamlined loan application flow with decision logic that adapts to the customer type.
- Merchant webshop plugins. Retailers can offer Modena’s BNPL service at checkout, expanding reach across Estonia’s digital retail market.
- No third-party redirects. Onboarding stays inside the Modena interface, removing the trust gap the previous provider had created.
- AI across everyday workflows. Internal tools help generate reports on demand and guide marketing by surfacing which customers to contact with which offer.
- AI
- Backend
- Kotlin
- Self-Service
- UX
Result
- Near-instant credit decisions, end-to-end inside Modena’s own interface.
- Higher scoring accuracy and lower default risk than the previous external provider.
- Expanded merchant reach across Estonian e-commerce.
- Faster product iteration — Modena can respond to market changes in days, not quarters.
Key takeaway
In regulated lending, owning the credit-scoring layer is what unlocks both speed and trust — and a small team with AI-accelerated development can build it in months.
