Kreditz raised $800k in angel investment.
Kreditz, a Stockholm, Sweden-based startup working for the development of a credit score service for the financial services, completed a SEK 8M (830k) capital investment round.
The funding was supported a by a group of Swedish angel investors, including John Grundström, Tore Widding, Måns Ulvestam and Öjje Holt. In connection with the raising, the company adds Tore Widding, Anette Tånneryd and Peter Sarkia to the board of directors.
Kreditz, led by CEO Roni Zacharion, developed an app-based so-called "person-to-person" solution for credit assessment. The company provides realtime financial score based on a consumer's bank transaction history and claims that works with 5000 banks in 37 countries.