Index, Balderton et al. invest $7m in Credit Benchmark

A group of private investors including former Goldman Sachs vice-chair Michael Sherwood also invested in the round. Sherwood will join Credit Benchmark’s board of directors.

Both Balderton Capital and Index Ventures were involved with Credit Benchmark’s previous rounds of funding. To date, Credit Benchmark has raised $34m in venture backing since its launch in 2015.

Credit Benchmark said the latest round of funding would help it reach its goal of becoming a global standard for credit and risk management. It plans to grow its contributor base to 50 banks by the end of next year and add non-bank contributors such as insurance companies.

Previous funding
Balderton led a $20m for Credit Benchmark in July 2015, which Index also participated in.

Index led a $7m series-A in July 2014, when Credit Benchmark announced the launch of its commercial service for banks.

Company
Founded in 2012 and headquartered in London, Credit Benchmark is a credit risk aggregator. Credit Benchmark's product is designed to gather internal estimates produced by analysts for institutions, anonymises the estimates, then analyses and aggregates the data to produce consensus views.

Over the last three years it has expanded its coverage from 1,000 entities to 22,000.

People
Credit Benchmark - Donal Smith (chair), William Haney (CEO).

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• Topics
• Expansion
• Financials
• UK / Ireland
• United Kingdom
• Index Ventures
• Balderton Capital
• Fintech
• Venture