FinovateSpring 2016 / Ormsby Street
Presenter Profile:
How they describe themselves: CreditHQ is focused solely on small businesses and the platform is operational in four European countries and expanding elsewhere. CreditHQ takes data from credit reference agencies and presents this clearly to small businesses via ‘traffic light indicators’. Our context sensitive help system explains what this data means to customers and the platform offers the tools necessary to chase and recover overdue or problem invoices.
How they describe their product/innovation: We are announcing the following to general availability at Finovate Spring. CreditHQ now integrates to major bookkeeping platforms, transforming it from a low cost credit score product, into a highly intelligent expert system providing insight and practical help to improve cash flow and reduce credit risk. When connected to Xero, CreditHQ, monitors every customer and invoice the company has. It also has access to real time credit scoring and payment performance information.
Product distribution strategy: B2C and through financial institutions, B2B.
Contacts:
Bus. Dev. & Sales: Jane Hewitt, Marketing Manager, jane.hewitt@ormsbystreet.com, +447860945837
Press: Paul Allen, paul@risepr.com
Website: ormsbystreet.com
HQ: London, UK
Founded: Ormsby Street
Product Demoed: CreditHQ
Product Launch: May 2016
Metrics: Funding comes from revenue from the previous version of the product. Ormsby Street currently has 14 members of staff, forecasted revenues for 2016 of £2,115,016 and 27,000 users.
Presenter: Martin Campbell (CEO)
- Key Executives
Martin Campbell, Managing Director, is a serial entrepreneur and has previously startups in London’s tech city as a mentor at the Wayra accelerator. In 2014 he returned full-time to the startup world, with Ormsby Street. Stuart Dawson, Head of Engineering, is an experienced engineering leader with successes varying from large scale agency projects, special-operations ‘skunkworks’ apps and digital engagement tools. Robert Drury’s (Head of Product) career in product management has spanned UK and European-wide digital projects in fields including major high-street brands. Eamon O’Dwyer’s career in consulting, business banking, and software has seen the development of products and services for small businesses across multiple markets.
Key Stats
- Key Board Members, Investors & Advisory Board Members
Martin Campbell, John Davies and Eamon O’Dwyer
- Key Partnerships
In 2015 Ormsby Street launched in Italy and Germany in partnership with Deutsche Bank and in late 2015, secured a major contract to offer CreditHQ to customers of RBS’s soon-to-launch, challenger bank, Williams and Glyn.
- Key Customers
CreditHQ is available on the open market to any small business with a turnover over under £5million (in the UK) and via our banking channel partners as outlined above.