Credit Kudos raises £2.2m in a Series A round led by Ascension Ventures to fuel European expansion and platform development.
The challenger credit bureau secured £2.2m from backers including Ascension Ventures and Entrepreneur First.
Credit Kudos operates a challenger credit bureau that leverages open banking data to modernise financial assessments. The firm enables lenders to evaluate creditworthiness more accurately and expand access to fair borrowing.
Credit Kudos has secured £2.2m in a Series A funding round led by Ascension Ventures through its Fair by Design fund. Additional backing came from existing investors NFT Ventures and Entrepreneur First, alongside new participants including Sarah Willingham, Charlie Songhurst, John McAndrew, and Graham Lund. The capital will be directed towards scaling operations in the domestic market, initiating expansion into continental Europe, and further developing the company's platform.
From the founder
"This investment allows us to scale up our business to meet the demands of a post-Open Banking and PSD2 world,"
Freddy Kelly
CEO at Credit Kudos
Investor perspective
"Credit Kudos is very much at the centre of the FBD investment thesis,"
Emma Steele
Investment Director, Ascension Ventures
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Emma Steele
Ascension Ventures
NFT Ventures
Matt Clifford
Entrepreneur First
Sarah Willingham
Sarah Willingham
Charlie Songhurst
John McAndrew
Graham Lund
Categories
About the company
Credit Kudos
Challenger credit bureau using open banking to transform credit assessment.