Enterprise Ireland invests €250k in CreditLogic
Enterprise Ireland has invested €250,000 in mortgage application software firm CreditLogic, writes Jane Connolly.
The Irish Independent reports that the Dublin-based firm received the cash injection from the government agency, which supports Irish businesses.
CreditLogic’s platform utilises data analytics and artificial intelligence to accelerate the mortgage application process for brokers and lenders.
The company, which has previously raised €1 million in funding, was founded by three former KBC Bank Ireland executives.
Founders include former KBC director of innovation Eddie Dillon, COO Mary Brennan, who was a senior programme manager at the bank, and CTO Gavin Bennett, ex-head of innovation at KBC Bank Ireland.
CreditLogic’s directors include Martin Scott who is the non-executive chairman and a partner at London private equity firm, the Riverside Company.