Credit Benchmark Cited In FT Article On UK Loan Market Developments
Banks load UK loan deals with ‘flexit’ rate clause: Banks are pushing some companies seeking to borrow money in the UK to agree that the cost of their debt can rise if the country votes to leave the EU next month. The introduction of “flexit” clauses into loan documents, allowing banks to increase the […]
Credit Benchmark Named Again In The FinTech50 List
Credit Benchmark was once again recognised in the FinTech50 list, an annual list published by FinTechCity recognising the leading 50 European FinTechs who are transforming financial services. For the complete list, please refer to the link below. View original article (external link)
Credit Benchmark Revolutionizes Internal Models
The internal-ratings based approach for banks to quantify capital for credit risk – a framework deployed by over 100 banks, from Europe to China and Australia – is in crisis. While the Fed has been consistently sceptical of it, European regulators at the Basel level have adopted an ambivalent posture by first encouraging lenders to […]
Credit Benchmark Gets Further $20M For Its Consensus Credit Risk Platform
A year on from an Index Ventures-led $7 million Series A, London-based fintech startup Credit Benchmark has extended its runway with a $20 million Series B. The startup is building a platform aimed at improving financial market benchmarks and risk assessment analysis by aggregating anonymized credit risk data from multiple banks to build up consensus […]
Credit-Rating Start-Up Receives VC Boost
Credit Benchmark, a London-based start-up that pools credit ratings from global banks, has secured a new round of funding and strengthened its presence in the US as part of expansion plans. The fintech company, which creates anonymous consensus ratings on credit risk, has raised $20 million in funding in an investment round led by London […]
Credit Benchmark Raises $20M To Strengthen Platform, Grow Headcount – IMD
Startup consensus credit ratings provider Credit Bench- mark has raised $20 million in series B financing to help the vendor scale its platform and beef up its data management function with new hires in data science and data quality roles, as well as to fund a geographical expansion, starting with a new office in New […]
London Is Home To Europe’s Hottest FinTech Startups As 24 Of The FinTech50 Come From The Capital
London once again dominates in a new list of the hottest European FinTech startups as the capital continues to put its backing behind the sector’s growth. Businesses from the capital represent almost half of those chosen as the FinTech companies to watch in 2015 by a panel of senior executives from across the world of […]
Share Data To Thwart Hackers And Address Other Big Challenges
In his recent book “The Social Life of Money,” Nigel Dodd, a professor at the London School of Economics, describes the work of Georg Simmel, the 19th-century German philosopher who sought to explain what makes money possible. Simmel observed that value results from a synthesis that takes place through exchange. “We enter into exchanges because […]
London’s Tech Firms Raise Record $1bn Of Venture Capital Investment
London tech firms attracted a record $1bn (£626m) of venture capital investment in just the first nine months of 2014. The mammoth figure is more than 10 times what tech groups raised from venture capital firms (VCs) in the whole of 2010. Fundraising in London’s tech sector is currently up over 30 per cent on […]
Press Coverage Of $7MM Series A Financing
Credit Benchmark received wide-ranging press coverage on its $7MM Series A financing. All Media Ny http://www.allmediany.com/news/27081-index-leads-7m-round-in-banking-ben… Financial News http://www.efinancialnews.com/story/2014-07-09/credit-risk-data-startup-… Finextra http://www.finextra.com/news/announcement.aspx?pressreleaseid=55916&topi… Dow Jones http://pevc.dowjones.com/article?an=DJFVW00020140709ea79na0uu&from=alert… Fortune http://fortune.com/2014/07/09/deals-of-the-day-newvoicemedia/ Financial Times http://ftalphaville.ft.com/2014/07/09/1896102/disrupting-the-rating-agen… Who Got Funded http://www.whogotfunded.com/deals/266429-credit-benchmark Index Ventures http://indexventures.com/companies/credit-benchmark PE News http://www.penews.com/today/index/content/4073666064/restricted Pro Market News http://promarketnews.com/news/index-ventures-leads-series-a-round-for-cr… Quartz http://qz.com/231780/how-to-build-a-banking-benchmark-thats-not-rigged/ Pehub http://www.pehub.com/2014/07/index-ventures-leads-series-a-round-for-cre… TechCrunch http://techcrunch.com/2014/07/09/credit-benchmark-series-a/ Waters Technology http://www.waterstechnology.com/inside-market-data/news/2354294/credit-b…
