Creditsafe Group

Creditsafe was founded in 1997 in Oslo, Norway. The company first set up a sales office in London in 2001, but the business’ British operations strengthened in 2002 when they moved their sales hub to Cardiff. Later, Creditsafe moved its centre of operations to Caerphilly, with the help of the Welsh Development Agency and the European Union.

Since then, Creditsafe has grown to include brands such as Nike, Inc., Adidas, Marks & Spencer, BMW, BT Group, Harley-Davidson, Nestlé, Next plc, Panasonic, Ryder, Staples Inc., Vodafone, and Volvo amongst their customers.

Creditsafe established its U.S. division in 2013 under the name Creditsafe USA, headquartered in Allentown, Pennsylvania, with an additional facility in Phoenix, Arizona. These became the business’ major hubs for its North American expansion. On September 6th, 2016, Creditsafe announced the addition of 18 countries from across Europe and Asia to its global platform, increasing its database to cover more than 230 million companies worldwide.

In 2020, Creditsafe entered into a partnership with Equifax Canada, a strategic alliance aimed at delivering comprehensive international data coverage to Canadian businesses.

In March 2022, Creditsafe acquired Graydon, which had been a 100% subsidiary of credit insurer Atradius for the previous five years, bringing together Graydon’s 130-year legacy and regional strength in the Netherlands, Belgium, and the UK with Creditsafe’s global reach.

In September 2024, Creditsafe Technology, an ancillary of Creditsafe Group, expanded its presence in Hyderabad by opening a new office and announcing plans to increase its local hiring significantly. The company stated that the expansion will support its growing technology and product development operations in India.

On January 11, 2024, Creditsafe announced the acquisition of the Business Information division of Editus Luxembourg S.A., including all operational activities, customer contracts, and data assets. Staff from the unit transferred to Creditsafe as part of the transaction, enabling the company to expand its business information services in Luxembourg under the name GraydonCreditsafe Luxembourg. The acquisition forms part of Creditsafe’s strategy to strengthen its presence in the Benelux region, following its 2022 acquisition of the Graydon Group.

Creditsafe offers various products and services to minimize legal, financial and compliance risks.

Business Credit Reports

Historically, credit assessments involved a complex chain of data access from multiple suppliers, which organisations such as Creditsafe have transformed into swift and straightforward credit checks. Creditsafe’s credit scores are accompanied by recommended credit limits and are derived from a broad range of data sources, including those beyond traditional financial indicators. This methodology, as noted by third-party reviewers, provides more reliable assessments than simpler scoring systems.

The Creditsafe database, which is built from data from multiple data providers and public sources, is refreshed over five million times per day. About 99.9% of the time, international reports are delivered instantly online.

Analytics

Creditsafe customers can analyse past decisions and make future decisions using predictive analytics. Customers can benefit from predictive country-specific risk scores and decisioning models. Developed using stepwise logistic regression models, Creditsafe’s scorecards are monitored for stability and are endorsed by all major insurers.