Last deal

$3.81M
Local Amount - GBP 5M

Amount

Series A

Stage

15.04.2020

Date

3

all rounds

$7.47M

Total amount

date founded

Financing round

General

About Company
Credit Kudos is an Open Banking credit reference agency that helps credit providers make better decisions using better data.

Industry

Sector :

Subsector :

Keywords :

founded date

01.09.2015

Number of employees

Company Type

For Profit

Last funding type

Series A

IPO status

Private

Description

The company utilizes financial behavior and data through open banking to measure creditworthiness, utilizing consumer transaction data to create accurate credit score cards and affordability metrics. Their open banking platform, powered by machine learning, offers a transparent scoring system based on consumer consented data, providing a fairer representation of an individual's creditworthiness. By automating decisioning and reducing risk, Credit Kudos enables lenders to make informed choices, leading to increased acceptances and improved credit availability. They are authorized by the Financial Conduct Authority and have integrated with leading lenders and brokers, such as Curve, Admiral, Atom bank, LendInvest, and CarFinance 247.
Contacts

location

Contact Email

Phone number

Social url

Legal Names

Legal name

Credit Kudos Limited
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M&A Details
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Transaction name

Acquired by

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announced date

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price

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Financials

Funding Rounds
3
3

Number of Funding Rounds

$7.47M

Money Raised

Their latest funding was raised on 15.04.2020. Their latest investor Will Brooks. Their latest round Series A

Date 
Funding Round 
Investors 
Money Raised 
Lead 
15.04.2020
10
$3.81M
Local Amount - GBP 5M
17.04.2019
10
$2.87M
Local Amount - GBP 2.2M
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Co-Investors
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People

Founders
2
Matt Schofield
Matt Schofield

Matt Schofield

Matt is the Co-founder of Credit Kudos. Graduating with a BSc in Computer Science from the University of Manchester, Matt has been involved in data science and analytics at Universal Music Group for the past four years, bringing technology into the heart of the music business, before founding Credit Kudos. Credit Kudos uses consumer transaction data to build highly accurate and transparent credit score-cards and affordability metrics. This makes decision-making possible for the ~8m previously “unbanked” as well as those with nonexistent or “thin” credit files.

current job

Credit Kudos
Credit Kudos

organization founded

1

Matt Schofield

Freddy Kelly
Freddy Kelly

Freddy Kelly

Freddy Kelly is the CEO and co-founder of Credit Kudos, the consumer-first, transparent consumer credit bureau. Credit Kudos uses Open Banking to allow lenders to accurately measure consumer risk, increasing acceptances whilst reducing default rate. Freddy has a background in Computer Science and Machine Learning. Prior to founding the company, Freddy was first engineer at cloud-computing startup, Bitnami (YC W13) and A16z-backed transaction analytics platform, TXN.

current job

Credit Kudos
Credit Kudos

organization founded

1

Freddy Kelly

Employee Profiles
7
Will Neale

Will Neale

Investor

Jamie Henson

Senior software engineer

Samuel Bell

Research scientist

Toby Pinder

Full-stack engineer

Matt Schofield

Co-founder and chief technology officer

Freddy Kelly

Freddy Kelly

CEO

Matt Schofield

Matt Schofield

Co-founder

Activity

Recent News
2
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