This article showcases our top picks for the best London based Credit companies. These startups and companies are taking a variety of approaches to innovating the Credit industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top London Credit Companies
Aire provides credit assessment services that gives people a new credit score to help them qualify for essential financial products. Aire is committed to helping people with the world of credit.
They work with financial institutions by enhancing their ability to reach more customers and serve them responsibly. They are authorised & regulated in the UK by the FCA to provide credit references as one of the newest entrants in this sector.
The company was founded on 2014 and based in London.. Alongside Bournemouth and York, CityFibre has recently announced Peterborough as its next Gigabit City project.
Tide’s mission is to help SMEs save time (and money) in the running of their businesses. The Tide platform not only offers business accounts and related banking services, but also a comprehensive set of highly usable administrative solutions, such as full integration with accounting systems.
Using advanced technology, all solutions are designed with SMEs in mind. Tide is now the emerging leader in SME challenger banking in the UK.
Tide believes that truly serving SMEs well requires relentless focus on their needs. That is why Tide is SME only..
With a track record in delivering innovative value creation solutions, they have developed a highly-effective approach. Working collaboratively, their aim is simple: to give management the tools they need to build lasting capabilities and competitive advantage..
The m-MSR is small, with few moving parts, it can be a third cheaper to run than a large fossil fuelled engine. It massively reduces waste, and is fuelled-for-life, avoiding proliferation of spent fuel.
Tymit is a provider of credit cards that offers financing purchases overtime and manages the monthly budget. It helps to potentially provide a better option compared with the incumbent services, which could result in higher risk of debt problems.
The company’s card is made by leveraging updated technology that offers financial flexibility to change payment plans, no hidden fees or sneaky terms that expires without notice, enabling customers to get a credit card that is economical, transparent, flexible and feasibly available anywhere when needed. Tymit was founded by Martin Magnone and Juan Montalvo Bressi in 2017..
The company’s openreach segment provides fiber broadband, passive infrastructure access, wholesale line rental, local loop unbundling, Ethernet, passive infrastructure access, and mobile infill infrastructure solution services as well as products that connect exchanges to communications providers’ networks. BT also retails technology equipment; and provides systems integration, fleet management, and payment services as well as audio, video, and web conferencing, and collaboration services.
BT Group plc was incorporated in 2001 and is based in London, United Kingdom.. .
WiseAlpha is an online investment platform offering its members access via Notes to senior secured loan investments in some of the UK’s leading companies. They replace the substantial costs and complexity of investing in specialist credit funds with a simpler and more cost effective way to invest.
Typically investments in senior secured corporate loans are only available to very large banks, pension funds and specialist funds. In order to gain access to this asset class individual investors usually have to use brokers and/or invest in specialist debt funds and are often charged substantial upfront fees and ongoing management and performance fees.
Until now, the corporate loan market has remained largely untransformed by technological innovation but wiseAlpha is now making this asset class accessible to a wider investment audience.. .
Knoma offers a payment solution and marketplace for lifelong learning. The business is tackling the digital skills gap as the global economy shifts into the fourth industrial revolution.
We help people looking to future proof their career or move into new areas of work by reducing the barrier of payment and removing the pain point of sourcing technical courses. The business is built upon the firm belief in the importance of lifelong education to drive improvements in our customers’ future prosperity.
We believe education should be accessed in a short, but frequent manner; at a lower price point and a focus on gaining technical, digital and data skill-sets. All users can gain access up to £10,000, where the cost of a course can be spread over 12 months with flexible repayments.
The product is completely free to all end users with no interest or fees applicable. Knoma works with leading coding and tech schools.
We are a fun and driven team, ready to make an impact!. .
CreditEnable is a global SME credit marketplace, works with large Private Sector Banks, NBFCs and Fintech Leaders with more than Rs 70,000 crore to lend to SMEs for loan requirements of ₹ 10 L to ₹ 30Cr with lender rates starting from 9%. CreditEnable’s lender solutions enable profitable growth by substantially reducing the time involved with underwriting SME loans, provide efficient access to quality borrowers and improve the quality of SME loan books.
CreditEnable’s borrower solutions help SMEs better understand lenders’ credit requirements, get prepared for debt and secure the capital they need at an affordable rate.. .
We’re here to make a positive impact on the world with technology, and strengthen the backbone of the economy by supporting small businesses. Fractal is a platform-as-a-service that is reinventing how Small-Medium-Enterprises (SMEs) execute payments and access financial services.
Fractal helps financial institutions and their SME clients save money by providing a smarter payments engine and an insights platform to deliver the right product, to the right SME, at the right time. Believe it or not, 94% of global businesses are considered small businesses.
They are crucial to global economies both for wealth creation and for the people they employ. Productivity is essential for promoting long-term economic growth and higher living standards.
These businesses count on financial services to help them operate, grow and succeed. Unfortunately, there is a huge ~£22bn SME funding gap in the UK, and in the EU and US, this gap amounts to a combined ~£881bn! The problem is even more pronounced in emerging markets.
It is vital that SMEs are given the best chance of succeeding. We help financial institutions and their SME clients streamline their business operations through the use of our payments products and API platform, thereby facilitating frictionless access to financial services..
Their combined solution will allow companies to automate complex business processing and automatically generate affiliated finance and compliance reports. To find out more or discuss your use case with us, visit: www.arria.com..
Fund Ourselves is a mission driven financial technology company providing a market place offering affordable short-term consumer credit to hard working families. Our mission is to offer better, more flexible and more affordable short-term loans for hard working families.
Being a marketplace, lenders on the other hand get better returns on there investment with the short-term investment flexibility and a provision fund cover. Being a marketplace peer-to-peer lender, Fund Ourselves is basically helping with financial inclusion while funnelling the short-term lending returns back to the society.
We are a small group of passionate techies, credit geeks, designers, marketers, lawyers and compliance experts with a shared vision to make change to the consumer credit market. Fund Ourselves is a FinTech business authorised and regulated by the Financial Conduct Authority (FCA) with full authorisation.
Fund Ourselves is the trademark and trading name for Fund Ourselves Ltd.. This data is signed using a blockchain-style signature to mitigate tampering, and the federated traffic is encrypted with HTTPS and signed with each server’s private key to avoid spoofing.
Replication follows eventual consistency semantics, allowing servers to function even if offline or after data-loss by resynchronizing missing history from other participating servers. End-to-end encryption ensures data at rest is only readable by the room participants.
The result is that data transmitted over Matrix is never stored in any single place, and is instead securely shared on a purely need-to-know basis between relevant parties, with control of access residing solely with the author. Awards:- Audience Choice and Best Social Integration Awards at WebRTC Conference & Expo V (San Jose 2014) Best Innovation Award at WebRTC Conference & Expo Paris 2014 Nominated in the Company Category at UK Open Source Awards 2015 Best in Show at WebRTC Miami 2015.
Oakam is a digital micro-lender helping underbanked, overlooked, consumers onto and up the credit ladder. They believe that the credit industry is broken for the growing number of consumers looking to access vital funds, that help them establish or improve their credit score.
At Oakam, they’re challenging the status quo with a new model for consumer credit powered by the smartphone. Their digital, data-rich approach to micro-lending enables more personalised and inclusive credit scoring, that is lowering the barriers to affordable credit for those who need it most.
Visit www.oakam.com/en/company/ for more information.. .
Private Banking: This division serves wealthy private investors and families, in many cases across generational lines. This is a complex task involving great responsibility, which we gladly accept by offering advice with proven competence and continuity.
We employ opportunity-oriented risk management to maintain and increase the wealth of our clients.. .
We are a fun and driven team, ready to make an impact!. So ours comes packed with care..
TotallyMoney is on a mission to transform the consumer credit market. Their free credit report and live credit score, along with their unique Borrowing Power and Match Factor technologies, give customers the information they need to find the right financial products, make better financial decisions and build stronger credit histories.
They believe that their technology can drive a better and fairer consumer credit market. Launched in 2006, Media Ingenuity was listed in the Sunday Times Tech Track in 2010 and 2011.
In 2011 SEP led a £17.5M round to take a minority stake.. .
Every kit has a set of readily available experiments to spark curiosity. The number of experiments is only limited by one’s creativity! Twin digital application consists of interdisciplinary courses that expose the kids to scientific concepts.
This platform also provides a community, where Twinners can share and celebrate their experiments and learn together. In the advanced stages, using patterns of the children from their digital journey, Twin will offer a customized learning path for each child.
SPIN Analytics helps tier-one and digital banks improve credit risk management with its explainable AI-based platform, RISKROBOT™. The platform provides 10x acceleration of model development, validation, documentation and deployment, which reduces maintenance time by at least 90% and total costs by 70%.
Encoding 30 years of credit risk-modeling experience into AI and insights, the platform helps banks make decisions and control assumptions. The solution covers all types of credit risk models for regulatory, risk management, and business purposes.
RISKROBOT™ by SPIN Analytics is a new approach which combines Expert Judgement with Artificial Intelligence (AI) and Machine Learning (ML) techniques on Big Data, to produce predictive analytics which are accurate and relevant for making credit decisions and managing risk. RISKROBOT™ supports all types of credit risk models (decisioning, BIII/BIV RWA, IFRS9/CECL, stress testing) for all types of retail and commercial products and portfolios.
It is encoded with all current Credit Risk Regulation and decades of experience so that human experts are augmented – not replaced.. in-office cafeterias, high street cafeterias, arenas/stadiums, pubs) self-checkout for your food and drinks skipping the queue totally pre-order food and drinks to your seat (e.g.
on a train) self-checkout at the pump in a petrol station self-checkout at the table at a restaurant buying tickets without the need to use a ticket machine self-checkout at the shelf in a retail store buying from a poster plus many more Any mobile wallet (a payment app), including retailers own branded apps, can be integrated and work on the WoraPay platform. Therefore, retailer’s clients are able to select their favourite or preferred mobile wallet instead of having to download a new one each time from individual retailers.
WoraPay has been recognized by The FinTech50 as one of the hottest FinTech start-ups to watch in Europe. WoraPay was selected in the top 10 from over 350 applicants world wide for Startupbootcamp FinTech London 2015 Accelerator which has accelerated our UK launch.
Peer to peer lending with Leap gives individuals in the UK the opportunity to improve not just their financial wellbeing, but others too. Our goal is to support everyone in their journey to financial freedom, so we offer competitive rates for both investors and borrowers alike, incentives for staying on track and paying off your debt, and tips on financial wellbeing.
Let’s thrive together.. .
Its headquarters is in London in the United Kingdom.. Mereo’s internal expertise is complemented by a unique partnership with a leading global CRO, ICON.
Mereo combines the operational discipline and efficiency of a small company with the financial resources to conduct comprehensive clinical studies. Mereo will rapidly progress each of the products through further value inflection points before partnering or divesting its products.
The first – and only – marketplace for debt collection. We connect global companies struggling with unpaid account receivables with local debt collectors.
Our customers save up to 50% in collection fees by choosing the best offers from 400 collectors in 60 countries. The company was founded in 2017.
We have raised €600,000 in angel investment. Our customers include Natuzzi, Deezer, Mac Tools, Snap-on, Ambrosetti – European House, Novacyt..
Co-founded by Sho Sugihara and Chris Butcher, Portify offers a new way to build credit scores without a credit check, interest or credit card debt. The app has over 100,000 members.
The team’s mission is to improve the credit scores of 10 million people and give them access to fair financial products they wouldn’t otherwise get. Portify has raised £8.3M in funding from leading fintech and technology venture capital firms such as Redalpine, Kindred Capital and Entrepreneur First..
By analysing a range of obvious and non-obvious digital sources the profile identifies what skills a person acquires now and what he/she needs to improve in order to qualify for a particular occupation.. .
Chenavari Investment Managers
Chenavari Investment Managers is a specialist asset manager focusing on all aspects of credit and structured finance, with a focus on European & Asian markets. Their mission statement is to deliver recurring stable investment performance; through active investment management focused on maximizing total returns while minimizing investment volatility.
Chenavari’s investment model is focused on niche credit market strategies across Credit (Corporate and High yield, Financials, Credit Derivatives), Structured Finance (ABS, CMBS, Regulatory Capital) and Illiquid Credit Opportunities (Private Debt, Real Estate, Consumer Finance).. .
Plus typically increase their inventory size by 5%. On average, we sell 5% of retailers previously static inventory..
Taplend is a financial help service. With it people can get up to 2500 pounds in a few minutes, provided by friends or lending companies.
The problem it’s solving is fairly common for all of us – situations when you need money urgently and can not get it “right now” Company was founded 1 year ago. Since that time Taplend’s team has achieved a lot – has participated in three acceleration programs: Technation (USA/Kazakhstan), Hub:Raum by Deutsche Telekom(Poland) and SELLALAB(Italy) in collaboration with Level39(UK), the last one is still going on and finishes this december in London.
The mechanism of Taplend is quite a plain one: after the user downloads the application, he sets the desired amount of money and return terms, submits detailed information and sends a request via service to his friends or credit companies. After the request is accepted, it takes 2 minutes in average for the money to come to user’s bank account or mobile wallet..
Everline provides a source of credit for entrepreneurs looking to expand their businesses, manage working capital, and fill cash gaps. Its business loans help its customers solve their short-term, small business finance needs.
Small- and medium-sized businesses are able to borrow up to £120,000 for up to 15 months with annualized credit costs typically between 16-24%. Through its website, Everline enables its users to calculate how much business funding they need and for how long by offering a business loan calculator.
Everline was founded in 2012 and is based in London, United Kingdom.. .
London Loan Bank
London Loan Bank is the professional online credit lending company based in the heart throb business centre in the UK. In short span of time, we have emerged on the London loan market as the premium bad credit loan lenders..
We help retailers use AR to drive footfall and sales and enable property companies to monetise their estate, while monitoring what AR content is being placed and viewed in their locations.. OUR FOCUS: Building a platform and apps to enable AI driven AQ assessments and personalized coaching, at speed and scale.
Achieving THE globally recognized – ‘AQ Index’. OUR NICHE: Deep AI powered adaptability assessments and coaching.
Delivered through a unique conversational AI chatbot user experience. Building a worldwide movement for a ‘new operating system for change’.
A marketplace for continual growth and the global authority for AQ.. .
You may write to us at: BestStartup.co.uk/Fupping Ltd, 349 Royal College Street, London, England, NW1 9QS.