Ormsby Street partners Deutsche Bank to launch credit checking tool in Germany

Ormsby Street partners Deutsche Bank to launch credit checking tool in Germany

British startup Ormsby Street has launched its small business credit-checking tool in Germany through a partnership with Deutsche Bank.

Ormsby Street's CreditHQ will be on offer to Deutsche Bank's SME clients, helping them to check the financial health and credit status of customers and partners.

The British startup is hoping to win business in a country with more than four million SMEs and, despite the recent introduction of new regulations, a problem with late payments.

Martin Campbell, MD, Ormsby Street, says: "There is a growing need in Germany for an easy way of checking the credit status and payment performance of customers and CreditHQ meets that requirement head-on.

"Partnering with a bank in Germany is a great way of bringing CreditHQ to the German market and we are confident it will mirror our success in the UK."

Launched in 2014, Ormsby Street already claims 27,000 UK small business users and has also made a move into the Italian market. It plans to arrive in Poland, the US and Australia over the next 12 months.

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