How Creditsafe are helping start-ups with better data.

Is your business new to the world? See how Creditsafe data can elevate you above your competition.

3 Mins

Working with new start-ups

Statistically, 1 in 3 start-ups fail within the first 5 years of trading*, and typically the number one reason start-ups fail within the first few years is bad debts and late payments. Creditsafe data is helping newly incorporated companies reduce the risk of this happening daily.

Starting a new business can be a daunting process for anyone, but having the right data at your fingertips can help make the process a lot more efficient and remove an uncertainty when working with other businesses, onboarding customers and prospecting. 

In this blog, we take a look at why a recent Fintech start-up needed a credit reference agency (CRA) like Creditsafe to help streamline their onboarding process, and how our data can help your start-up in a variety of different ways. 

Why start-ups are choosing Creditsafe data

Many new businesses approach Creditsafe looking to utilise our data in more ways than one. Whether that be to simplify their onboarding process, take our sales and marketing data in a bulk file, or integrate via our API for a faster decision process, Creditsafe data will allow a new start-up to not have to worry about business data.

Many new businesses are also looking to utilise our Know Your Business (KYB) data. Our KYB checks allow businesses to help demonstrate regulatory compliance, reduce the risk of fraud and streamline customer onboarding.

A recent Creditsafe Fintech customer outlined the importance of saving time by having pre-filled fields. "We wanted to use Creditsafe to pre-fill a lot of that onboarding information, so that it doesn't need to be provided by the customer. That saves time for both the merchants and the ISOs." Read the full case study below.

Our data's value and coverage

Sales & Marketing Insights

Have the relevant information to hand when it comes to nailing your sales pitch when speaking with prospects. Integrate key company data with business telephone numbers to save time prospecting.

Data Cleaning

The frequency in which business data is changing is forever getting faster. With Creditsafe data cleaning, you can reduce the risk of data decay and keep your database filled with accurate and up-to-date information.

Company data available in more than 160 countries

Our international credit reports allow you to deal with clients on an international scale, with 99.9% of reports delivered online instantly. Our standardised international scoring model makes it easy for you to identify risk on global customers.

What does our data contain?

Our data provides you with access to information on more than 365 million companies across 160 countries. Our company credit reports give you access to key fields such as director information, CCJ information, financial performance and key risk indicators. 

Our scoring & analysis accurately predicts up to 70% of business insolvencies over the coming 12 months, which when you are a start-up business will be key to knowing who you are dealing with and help you make smarter decisions in the early stages. 

 

We're trusted by more than 5,000 UK start-ups