CreditorWatch

CreditorWatch
Private company
Founded Sydney, Australia (2010)
Founder Colin Porter
Key people
 Board members: Colin Porter, Lindsay Phillips
Products Credit reporting agency
Services Credit data collection, business information, credit reporting, information technology, business services, research
Website https://creditorwatch.com.au

CreditorWatch is an Australian credit reporting agency that manages the credit files of all commercial businesses in Australia. It is a subscription based commercial company.

CreditorWatch aggregates data from a range of sources that include Australia's corporate regulator Australian Securities & Investments Commission (ASIC), ABR (Australian Business Register), courts, small claims courts, magistrates courts as well as adverse data provided by CreditorWatch users.

Business can use the service to perform credit checks on commercial entities, monitor client credit ratings, search potential debtors before offering credit and receive alerts when a default is lodged against a client.[1] CreditorWatch also allows small businesses to expose clients who have failed to pay their invoices on time.[2][3] CreditorWatch is an ASIC-approved information broker

History

CreditorWatch was founded in October 2010 by entrepreneur, Colin Porter. The company officially launched on 15 January 2011 after receiving recognition and coverage on Australia's Nine Network television program A Current Affair (Australia).[4] Although initially self funded, CreditorWatch secured an undisclosed amount of venture capital from Nightingale Ventures in January 2012.

CreditorWatch's current Board of Directors consists of Colin Porter and Lindsay Phillips.

In May 2013, CreditorWatch launched Money in Business as a source of news, information, advice and expertise on attaining and giving finance.

References

  1. ↑ Credit website helps you dodge bad debtors, by Will Arnott The Australian Financial Review 17 February 2011.
  2. ↑ Naming and shaming bad debtors, by Alexandria Cain, The Sydney Morning Herald, 2 March 2011.
  3. ↑ CreditorWatch aiming to ward off late payers, by Michelle Hammond, StartupSmart, 5 November 2010.
  4. ↑ Name and shame website, A Current Affair, went to air 19 January 2011.

Notes


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