FinovateFall 2015 / Ormsby Street
Presenter Profile:
How they describe themselves: Late payment of invoices has become endemic. The average small business invoice in the UK takes 71 days to be paid, and small businesses are often caught unaware when customers fail and are unable to meet unpaid bills. CreditHQ was developed to tackle this problem.
How they describe their product/innovation: CreditHQ takes data from major credit data suppliers and uses that to allow small businesses to check the credit status, payment performance, and financial health of the companies they invoice.The CreditHQ Insight Engine explains what each piece of information means within the context of the relationship that a business has, and gives options on what actions might be taken.
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions
Contacts:
Bus. Dev., Press & Sales: Jane Hewitt, Head of Marketing, jane.hewitt@ormsbystreet.com, +44 07 8609 45837
Website: ormsbystreet.com
Blog: blog.ormsbystreet.com
Twitter: @ormsbystreet
HQ: London, UK
Founded: February 2014
Product Demoed: CreditHQ
Product Launch: January 2015
Metrics: Ormsby Street is founded as a spin-off from BCSG, which owned a simple credit risk product originally dating back to 2008. CreditHQ now has over 26,000 customers in the UK with a weekly growth rate of 10%.
Presenter: Martin Campbell (Managing Director)
- Key Executives
Martin Campbell (MD & Co-Founder), Eamon O’Dwer (Group Strategy Director), Stuart Dawson (Head of Engineering), Robert Drury (Head of Product), David Charles (Data Scientist), Jane Hewitt (Head of Marketing)
Key Board Members & Key Investors
Martin Campbell (MD & Co-Founder), Eamon O’Dwer (Group Strategy Director), John Davies (Group CEO & Chairman)Key Partnerships
Dun and Bradstreet, Experian, Barclays Bank, Deutsche BankKey Customers
Direct to market = small businesses with an annual turnover of up to £5M in the UK, Channel partners = banks