For immigrants, this fintech makes credit history as portable as a passport

Summary

Bleyt, founded in 2025 by Wale Akanbi (ex-CTO and co-founder of Aella), is building a money app that makes migrants’ credit histories travel with them. Using AI, Bleyt pulls financial data from local credit providers and bureaus, aggregates previous credit records and alternative data, and creates a transparent, portable credit score that can be translated for banks and lenders in a new country.

The product includes a multi-currency account and card to ease cross-border money access. The model is in closed beta ahead of an October launch supporting 20 countries with high migration flows (including the US, Canada and the UK). Bleyt has obtained a Money Services Business (MSB) licence in Canada and is navigating licences, partnerships and regulatory requirements across jurisdictions. Revenue will come from card and transfer fees, subscriptions for credit portability, and revenue-share with lending partners, with a B2B line planned.

Key Points

Bleyt aggregates financial and alternative data to create a portable credit score for migrants.
The app offers a multi-currency account and card to reduce delays in accessing financial services after relocation.
Bleyt’s AI predicts how a migrant’s score would map to credit systems in their destination country.
Launch is planned for October (closed beta now); initial coverage targets ~20 high-migration countries including the US, Canada and the UK.
Monetisation: transaction fees, subscriptions for credit portability, and revenue-sharing with lending partners; B2B channel planned.
Regulatory complexity is a major challenge; Bleyt holds an MSB licence in Canada and is pursuing additional licences and partnerships with credit bureaus.
Competitors like Monzo, Wise and Lemfi offer overlapping services, but Bleyt emphasises combining financial services with credit portability.

Why should I read this?

Short version: if you or people you work with move countries, this matters. Bleyt tackles the annoying reality that credit scores don’t cross borders — so newcomers often start with nothing. The app could speed up access to credit, reduce reliance on friends for cards, and change how lenders assess migrants. Worth a quick read if you care about remittances, migrant banking or fintech that solves real-world mobility headaches.