News Article

Credit Management

Fintech startup Ormsby Street to showcase award-winning credit-checking tool at Web Summit 2015

By CreditMan Friday, October 30, 2015

Fintech startup Ormsby Street is to unveil a series of key new features on its innovative credit-checking tool CreditHQ at the Web Summit event in Dublin (stand D199) on 4 November.

Web Summit has been described as ‘the best technology conference on the planet’, and takes place in Dublin each year. Now in its 6th year, Web Summit focuses on internet technology and attendees range from Fortune 500 companies to the world's most exciting technology startups.

“Web Summit has earned a reputation as the most innovative technology event in the world and it is exciting for Ormsby Street to be in such exalted company,” said Martin Campbell, MD, Ormsby Street. “We are changing the face of small business credit-checking and can’t wait to unveil a range of new features that will make life even easier for small businesses.”

CreditHQ is a free online tool that allows a small business to check the credit status, payment performance and general financial health of any customer or partner, taking credit data from a variety of sources and presenting the analysis to customers via a simple traffic light ratings system.

The new CreditHQ features being unveiled at Web Summit include: a collect page, that has letter and email templates for customers to download, to help with chasing invoices, collecting debts and issuing credit terms to the companies they trade with; and a dashboard notification panel that offers interesting stats, tips and news on a user’s personal dashboard, so that small businesses can focus on growing their business rather than being bogged down by financial admin.

With 25,000 small business customers already in the UK, Ormsby Street recently launched CreditHQ in Italy, as part of a new partnership with one of Italy’s best-known banks. The new features and presentation at Web Summit come as Ormsby Street readies itself for further international launches for CreditHQ in 2016.

2014’s Web Summit saw attendees came from all over the globe including business leaders from Google, Microsoft, Facebook, Box and more than 60% of the Fortune 500. This year, more than 30,000 people will attend, all interested in the ideas that are changing daily lives and meeting the individuals and companies that are doing so.

“We are constantly improving and refining CreditHQ to make it an indispensable tool for small businesses,” said Martin Campbell, MD, Ormsby Street. “Late invoice payment is a global issue and CreditHQ is suitable for small businesses in any market in the world. We are looking forward to showcasing CreditHQ’s new features at Web Summit and helping lay the foundations for our international expansion plans in 2016.”