Creditinfo

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

Creditinfo Group hf.
TypePublic company
IndustryBusiness services
Founded31 January 1997 (31 January 1997)
HeadquartersReykjavík, Iceland
Key people
ProductsCredit Bureau, Credit scorecards, Decision support system,
Number of employees
400
Websitewww.creditinfo.com

As of 2020 the company employs over 450 people with corporate headquarters in Reykjavík, London, Barcelona and Dubai. 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

References
  1. "Creditworthiness operations in Sudan and Afghanistan". Retrieved 10 December 2013.
  2. "Private Credit Bureaus around the World" (PDF). Retrieved 14 January 2013.
  3. "Creditinfo.com". Retrieved 21 October 2013.
  4. "Creditinfo.com". Retrieved 21 October 2013.
  5. "Advokatfirman Cederquist represents Bisnode in its acquisition of Creditinfo SCHUFA companies in the Czech Republic, Slovakia and Poland". Retrieved 10 April 2014.
  6. "Hellastat Greece Acquires Creditinfo Hellas". Retrieved 21 March 2014.
  7. "Graham Cedric Platts". Retrieved 10 April 2014.
  8. "Scoresoft acquires 18,6% stake in Creditinfo". Archived from the original on 4 December 2014. Retrieved 10 April 2014.
  9. "Creditinfo signs joint venture deal with SCHUFA GmbH". Retrieved 10 April 2014.
  10. "jis.gov". Retrieved 31 October 2013.
  11. "jis.gov". Archived from the original on 29 September 2013. Retrieved 31 October 2013.
  12. "Creditinfo.com". Retrieved 9 December 2013.
  13. "BoT gives nod to start of credit bureau's dealing". Retrieved 9 December 2013.
  14. "abc.az". Archived from the original on 17 May 2014. Retrieved 9 December 2013.
  15. "Doing Business 2013" (PDF). Archived from the original (PDF) on 30 May 2014. Retrieved 31 October 2013.
  16. GRÉTARSSON, R. Creditinfo Group Part I (Creditinfo Group: Reykjavík, 2012.)
  17. GRÉTARSSON, R. Creditinfo Group Part I (Creditinfo Group: Reykjavík, 2012.)
  18. "Creditinfo Chronicle". 16 July 2015. Retrieved 18 August 2016.
  19. "Creditinfo Chronicle". 4 January 2016. Retrieved 18 August 2016.
  20. "Creditinfo Chronicle" (PDF). Archived from the original (PDF) on 13 September 2016. Retrieved 18 August 2016.
  21. "Creditinfo Group's Credit Reference Bureau Licensed in Tanzania". 9 July 2013. Retrieved 11 March 2014.
  22. "First Licensed Credit Bureau Opens its Doors in Guyana to Support Access to Finance". Retrieved 10 December 2013.
  23. "Attorney general urges speedy passage of anti-money laundering amendments". Retrieved 9 April 2014.
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