Infact funding news – London-based Infact Secures £4Million in Seed Funding

With this funding, the creation of a richer bureau database will go more quickly, and the product suite will be expanded to assist banks and challenger lenders in tipping the credit balance.

It claims to be able to resolve well-documented issues with traditional credit reference services. Legacy bureaus find it difficult to keep up with the quick changes in consumer credit preferences brought about by people's growing reliance on low-cost, quick-transaction products.

Lenders can report and obtain real-time consumer credit risk insights through the API provided by Infact's platform. This helps customers establish and repair their credit profiles more quickly and safely, and it also helps lenders' credit risk teams to enhance lending performance and increase profitable lending.

Read also - La Solive funding news – French-based La Solive Secures €4 Million in a Series A Round Funding

Will Mason and Andy Milligan, who came from Runpath before it was acquired by Experian, serve as the company's leaders. A varied range of credit experiences from firms like NatWest, TSB, Castlight, Experian, Credit Kudos, Metro Bank, Ratesetter, Laybuy, and Visa have been incorporated into their founding team.

Will Mason, CEO and co-founder of Infact said, "Legacy bureaus have done a bad job innovating in their core business and have instead chosen to innovate around the edges. We are excited to build a challenger bureau that supports today’s lenders by treating their consumers as people with rich and varied financial lives. We are excited to enter the next phase of growth and invest in maturing the credit bureau platform and building out the product suite."

Jay Wilson, Partner AlbionVC said: “From the very first meeting with Will and Andy, it was clear that they have an unparalleled level of know-how. Infact is led by two visionary founders with a clear mission, deep domain expertise, and technical knowledge. We are thrilled to continue supporting them on their journey to become a category leading credit referencing agency globally.”

About Infact

Increasing responsible financing through equitable, open, and current credit reporting is Infact's aim. Using a single API, they offer decision-makers efficient consumer data. Having built cutting-edge credit information solutions for businesses like Runpath and Credit Kudos, their team has over 20 years of combined experience.