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 venture capital firm Balderton Capital. Index Ventures, which invested $7 million in the company a year ago, also participated.

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Credit Benchmark brings together internal credit risk views from over 40 leading global financial institutions. The contributions are anonymized, aggregated, and published in the form of consensus ratings and aggregate analytics to provide an independent, real-world perspective of credit risk. Risk and investment professionals at banks, insurance companies, asset managers and other financial firms use the data for insights into the unrated, monitoring and alerting within their portfolios, benchmarking, assessing and analyzing trends, and fulfilling regulatory requirements and capital.