Infact, a London, UK-based challenger credit reference agency, raised £4M in Seed funding.
The round was led by AlbionVC, with participation from 13books Capital, Outward VC, Form Ventures, and Portfolio Ventures.
The company intends to use the funds to accelerate building the richer bureau database and to extend the product suite to help challenger lenders and banks reset the scales when it comes to credit.
Led by CEO Will Mason and Andy Milligan, Infact enables the sharing of consumer credit information in real-time as events happen between lenders and their customers. The agency has built a platform that offers an API for lenders to report and receive consumer credit risk insights in real-time. This enables lenders’ credit risk teams to improve lending performance and increase profitable lending, while also enabling consumers to build and rehabilitate their credit profiles faster and more safely.
The founding team comprises Runpath, Experian, Credit Kudos and Visa alumni with over 45+ years’ combined experience working in the consumer credit information market.
FinSMEs
25/09/2024