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Credit Management

Fintech startup Ormsby Street to showcase CreditHQ at FinovateFall 2015

By CreditMan Thursday, September 10, 2015

Fintech startup Ormsby Street is set to show case its innovative credit-checking tool CreditHQ at the prestigious FinovateFall 2015 event in New York on 16 / 17 September, as it seeks to ramp up its international expansion after its recent launch in Italy.

FinovateFall is a conference for the world’s most innovative startups and established companies in banking and financial technology. Ormsby Street’s MD and co-founder Martin Campbell will be presenting to a global ‘who’s who’ of banking on 16 September and outlining his vision for CreditHQ in the US.

With 25,000 small business customers in the UK, Ormsby Street recently launched CreditHQ in Italy, as part of a new partnership with one of Italy’s biggest and most-used banks. The presentation and demo at FinovateFall 2015 comes ahead of a 2016 US launch for CreditHQ.

“FinovateFall 2015 is where the most innovative and promising fintech startups can be found and I am proud that Ormsby Street is keeping such company,” said Martin Campbell, MD, Ormsby Street. “Late invoice payment and the attendant cash-flow issues that come with it, is an issue for small businesses all over the world. CreditHQ is a product that addresses that head on, providing actionable insight to small businesses, and I’m looking forward to demonstrating its power and potential to the US audience at FinovateFall 2015.”

CreditHQ allows a small business to check the credit status, payment performance and general financial health of any customer or partner. It takes credit data from a variety of sources and presents the analysis to customers via a simple traffic light ratings system. This shows clearly the level of risk associated with the company in question, and users are given two different ratings, one addressing credit risk and the other payment performance.

Ormsby Street has ambitious international expansion plans over the next 12 months, that will look to launch CreditHQ in the US, Australia and a number of European markets. Ormsby Street was recently a shortlisted finalist for ‘Next Breakthrough Exporter of the Year’ in the HP Go Global Awards, that recognise the most promising strategy for exports. It has also been selected as one of the European finalists in the BBVA Open Talent 2015 Competition, that identifies and supports the most innovative fintech startups.

“Late invoice payment has a significant impact on a small businesses’ ability to grow and CreditHQ can be deployed in almost any market,” continued Martin Campbell. “We will be introducing a number of new features over the next six months to make CreditHQ an even more compelling proposition for small business all over the world, and will be demoing some of those at FinovateFall 2015.”