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SquareDev

Open Banking data for credit scoring

Overview

SquareDev provides tools for financial institutions to use Open Banking data to improve credit scoring and income verification. Its platform integrates with existing systems via APIs, turning large datasets into actionable insights through data science and machine learning. This enables lenders to make more informed credit decisions, increase loan acceptance rates, and reduce bad loans, while also supporting anti-money laundering efforts and verification of credit liabilities. Compared with competitors, SquareDev emphasizes seamless integration, transparent scoring, and a digital experience built on Open Banking data and ML-driven analytics. The company’s goal is to help lenders extend credit responsibly, improve accessibility for consumers, and strengthen trust between borrowers and lenders.

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About SquareDev

Simplify's Rating
Why SquareDev is rated
C+
Rated C on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsFintechAI & Machine LearningFinancial Services

Company Size

11-50

Company Stage

Acquired

Total Funding

N/A

Headquarters

City of Brussels, Belgium

Founded

2018

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Simplify's take

What believers are saying

  • The Hellenic Court of Audit praised SquareDev's system at its September 17, 2026 event.
  • QnR won Gold at BITE Awards 2026 for SquareDev's judicial AI project.
  • SquareDev's April 2026 Ege University VILLAGE work shows expanding research and international pipeline access.

What critics are saying

  • SquareDev's 2026 visibility centers on one judicial project, leaving revenue concentration exposed.
  • The company now sits inside QnR, so strategic control and economics are no longer fully independent.
  • If public-sector AI contracts slow, SquareDev lacks a clear consumer or SMB fallback business.

What makes SquareDev unique

  • SquareDev built SquareCore for governed human-in-the-loop agentic AI, not generic chatbots.
  • The Hellenic Court of Audit deployment proves it handles regulated judicial workflows in production.
  • QnR acquired 51% of SquareDev in 2026, giving it group-level distribution and capital.

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Funding

Total Funding

N/A

N/A

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
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Benefits

  • Hybrid Work Options

Company News

SquareDev
Sep 17th, 2026
Agentic AI Virtual Assistant for the Hellenic Court of Audit.

Agentic AI Virtual Assistant for the Hellenic Court of Audit. Together with the QnR Group, SquareDev presented the Virtual Assistant for judicial work at the Hellenic Court of Audit, built on SquareCore for governed, human-in-the-loop agentic AI. SquareDev Team | Sep 17, 2026 Squaredev BV is very proud to see a major milestone come to life together with the wider Quality & Reliability S.A. (QnR) Group: the Virtual Assistant of the Hellenic Court of Audit, an artificial intelligence system designed specifically for the needs of judicial work. The system was presented at the Court's event on its digital and energy upgrade, marking another step toward the digital modernization of the Hellenic Court of Audit. Supporting judges, not replacing them. The goal of the Virtual Assistant is not to replace the judge, but to support them in tasks that currently require significant time and manual processing: * Case-law research - finding relevant case law across more than 180,000 court decisions * Case routing and categorization - classifying incoming cases and routing them accordingly * Decision drafting - creating structured drafts that assist judges in drafting their decisions The technology serves as a support tool, not a substitute for judicial judgment. Specialized AI agents for the judiciary. The architecture relies on specialized AI agents and modern artificial intelligence technologies, tailored to the highly demanding environment of the judiciary. It is one of the most production-oriented agentic AI implementations for judicial workflows in Europe. Built on SquareCore. A key part of the system is its Human-in-the-Loop and AI governance architecture. It is built on SquareCore, its solution for governed Human-in-the-Loop agentic AI systems, and on a methodology Squaredev BV has been developing at SquareDev over the past few years. The focus is clear: enabling powerful AI agents while keeping human oversight, traceability, control, and accountability at the core, both in the system architecture and in the user experience. Watch the event. The Hellenic Court of Audit has published the full recording of the event on its YouTube channel. Its Team at the event. Pictured above are the core members of its group who took part in the event: Dr. Panagiotis Paschalakis, Charis Giaralis, Stavros Theocharis, Elli Aliferi, Theodoros Zafeiriou, and Jenny Gkiasta-Spantidou. What's next. Squaredev BV will soon share parts of its Human-in-the-Loop methodology, together with more about SquareCore. More to come.

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