CreditorWatch

CreditorWatch is an Australian credit reporting agency that manages the credit files of all commercial businesses in Australia. It is a subscription-based commercial company that provides software and services related to customer onboarding, customer management, financial analysis and risk mitigation.

CreditorWatch
TypePrivate company
FoundedSydney, Australia (2010)
FounderColin Porter
Key people
Colin Porter, Patrick Coghlan and Dale Hurley
ProductsCredit reporting agency
ServicesCredit data collection, business information, credit reporting, software, information technology, business services, research
Websitecreditorwatch.com.au

CreditorWatch aggregates data from a range of sources that include Australia's corporate regulator Australian Securities & Investments Commission (ASIC), ABR (Australian Business Register), courts, small claims courts, magistrates courts as well as adverse data provided by CreditorWatch users.

Businesses can use the service to perform credit checks on commercial entities, monitor client credit ratings, search potential debtors before offering credit and receive alerts when a default is lodged against a client.[1] CreditorWatch also allows small businesses to expose clients who have failed to pay their invoices on time.[2][3] CreditorWatch is an ASIC-approved information broker.

History

CreditorWatch was founded in October 2010 by entrepreneur, Colin Porter. The company officially launched on 15 January 2011 after receiving recognition and coverage on Australia's Nine Network television program A Current Affair (Australia).[4] Although initially self-funded, CreditorWatch secured an undisclosed amount of venture capital from Nightingale Ventures in January 2012.

In October 2017, CreditorWatch was acquired by InfoTrack, a Sydney-based, software as a service (SaaS) company.[5][6]


6 December 2018 - Founder Colin Porter announces his departure from CreditorWatch at the end of December 2018. The business will be led by the current managing director Patrick Coghlan who will assume the role of CEO.

References
  1. Credit website helps you dodge bad debtors, by Will Arnott The Australian Financial Review 17 February 2011.
  2. Naming and shaming bad debtors, by Alexandria Cain, The Sydney Morning Herald, 2 March 2011.
  3. CreditorWatch aiming to ward off late payers, by Michelle Hammond, StartupSmart, 5 November 2010.
  4. Name and shame website Archived 2013-09-07 at the Wayback Machine, A Current Affair, went to air 19 January 2011.
  5. Search provider InfoTrack buys CreditorWatch, by James Eyers, Financial Review,10 October 2017.
  6. "Property, Personal & Company Search | InfoTrack". InfoTrack. Retrieved 2018-06-25.

Sources


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.