Stockholm-based Kreditz, a credit information startup, announced on Wednesday, May 3, that it has secured €10M in equity capital from investors, including Ingka Investments and Creades.
Kreditz says it will use the funds to accelerate the company’s growth and expansion into new markets.
Roni Zacharion, Kreditz CEO and founder, says, “Right now, the market, which is still immature, is developing at a record-breaking pace. More and more customers, such as banks and loan brokers, see the need to have access to accurate and fully automated real-time data that can enable better and smoother credit decisions.”
“In addition, regulations require moving away from template figures and using real customer information, Kreditz has a market-leading solution and we are pleased that such reputable investors as Creades and Ingka Investments share our vision of building a leading player in Europe in this area,” adds Zacharion.