Creditinfo Explained

Creditinfo Group
Location:London, United Kingdom
Industry:Business services
Products:Credit Bureau, Credit scorecards, Decision support system,
Num Employees:400

Creditinfo is a global credit bureau and information services group with operations in more than 33 countries.[1] [2]

As of 2020 the company employs over 450 people with corporate headquarters in London, United Kingdom. The company was initially created in 1997 as Lánstraust ehf, later taking up the name Creditinfo.[3]

History

The sole founder of Lánstraust ehf was Reynir Grétarsson, with two other co-founders bringing their share capitals later the same year.[4] One of these partners left after a few months, the other partner left after 3 years. In 2003, Lánstraust ehf was renamed and established as Creditinfo.[5] [6] In 2005, Graham Platts and two other former executives of Experian became shareholders in the company, buying a total of 17% of the shares. They remained shareholders until 2013, when the company itself bought back their share in the company, at that time 31,5%.[7] [8]

In 2009, Creditinfo and Schufa signed a contract and created Creditinfo SCHUFA GmbH. This cooperation was terminated in 2011 due to conflicts of interest.[9] In March 2012, Creditinfo established the first licensed credit bureau in Jamaica.[10] [11] In February 2013, Creditinfo signed an agreement to provide credit bureau software to Da Afghanistan Bank, and in June 2013, Creditinfo was granted a full operation licence to the Bank of Tanzania.[12] [13] [14]

Creditinfo Group is listed in "Doing Business 2013" publication issued by World Bank and International Finance Corporation.[15]

Notable acquisitions

The acquisitions of ICECREDITINFO and Upplýsingaþjónustan in 1998 eliminated all the existing Icelandic competition.[16] In 2004, Creditinfo acquired a media monitoring service called Fjölmiðlavaktin.[17] In 2015, Creditinfo acquired Credit Bureau in Morocco from Experian.[18] In August 2015, Creditinfo acquired Krediidiinfo in Estonia from Experian.[19] In August 2016, Creditinfo acquired VisualDNA’s Credit and Risk business from Imagini.[20]

Creditinfo operates in the business-to-business sector selling consumer credit reports and related analytics.[21]

Countries of Operation

Subsidiaries

See also

External links

Notes and References

  1. Web site: Creditworthiness operations in Sudan and Afghanistan. 10 December 2013.
  2. Web site: Private Credit Bureaus around the World. 14 January 2013.
  3. Web site: Creditinfo.com. 21 October 2013.
  4. Web site: Creditinfo.com. 21 October 2013.
  5. Web site: Advokatfirman Cederquist represents Bisnode in its acquisition of Creditinfo SCHUFA companies in the Czech Republic, Slovakia and Poland. 10 April 2014.
  6. Web site: Hellastat Greece Acquires Creditinfo Hellas. 21 March 2014.
  7. Web site: Graham Cedric Platts. 10 April 2014.
  8. Web site: Scoresoft acquires 18,6% stake in Creditinfo. 10 April 2014. https://web.archive.org/web/20141204201414/http://www.vb.is/m/38178/. 4 December 2014. dead.
  9. Web site: Creditinfo signs joint venture deal with SCHUFA GmbH. 10 April 2014.
  10. Web site: jis.gov. 31 October 2013.
  11. Web site: jis.gov. 31 October 2013. https://web.archive.org/web/20130929102132/http://www.jis.gov.jm/news/leads/35141. 29 September 2013. dead.
  12. Web site: Creditinfo.com. 9 December 2013. 17 May 2014. https://web.archive.org/web/20140517200559/http://www.creditinfo.com.mt/press-room/news/news-item/2013/02/28/Another-milestone-for-Creditinfo-Group--Central-Bank-of-Afghanistan-installs-Creditinfo-system-/. dead.
  13. Web site: BoT gives nod to start of credit bureau's dealing. 9 December 2013. 17 May 2014. https://web.archive.org/web/20140517222404/http://www.thecitizen.co.tz/Business/BoT-gives-nod-to-start-of-credit-bureau-s-dealing/-/1840414/1895158/-/glhs54z/-/index.html. dead.
  14. Web site: abc.az. 9 December 2013. https://archive.today/20140517125630/http://abc.az/eng/news/main/77396.html. 17 May 2014. dead.
  15. Web site: Doing Business 2013. 31 October 2013. https://web.archive.org/web/20140530031102/http://www.doingbusiness.org/~/media/GIAWB/Doing%20Business/Documents/Annual-Reports/English/DB13-full-report.pdf. 30 May 2014. dead.
  16. GRÉTARSSON, R. Creditinfo Group Part I (Creditinfo Group: Reykjavík, 2012.)
  17. GRÉTARSSON, R. Creditinfo Group Part I (Creditinfo Group: Reykjavík, 2012.)
  18. Web site: Creditinfo Chronicle. 16 July 2015. 18 August 2016.
  19. Web site: Creditinfo Chronicle. 4 January 2016. 18 August 2016.
  20. Web site: Creditinfo Chronicle. 18 August 2016. https://web.archive.org/web/20160913232609/http://chronicle.creditinfo.com/wp-content/uploads/2016/08/visual-dna-final.pdf. 13 September 2016. dead.
  21. Web site: Creditinfo Group's Credit Reference Bureau Licensed in Tanzania. 9 July 2013. 11 March 2014.
  22. Web site: First Licensed Credit Bureau Opens its Doors in Guyana to Support Access to Finance. 10 December 2013.
  23. Web site: Attorney general urges speedy passage of anti-money laundering amendments. 9 April 2014.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Creditinfo".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.