CreditorWatch

CreditorWatch is an Australian financial services and software as a service (SaaS) company that provides software related to customer onboarding, customer management, financial analysis and risk mitigation.

CreditorWatch

Company type	Private company
Founded	Sydney, Australia (2010)
Founder	Colin Porter
Key people	Colin Porter, Patrick Coghlan and Dale Hurley
Products	Credit reporting agency
Services	Financial Analysis, Credit data collection, software, business information, credit reporting, information technology, business services, research
Website	creditorwatch.com.au

CreditorWatch manages the credit files of all commercial businesses in Australia and is a credit reporting agency. The company aggregates data from a range of sources that include Australia's corporate regulator Australian Securities & Investments Commission (ASIC), ABR (Australian Business Register), courts,accounting software companies as well as adverse data provided by CreditorWatch users.

Businesses can use the service to perform financial 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.

In October 2017, CreditorWatch was acquired by InfoTrack, a Sydney-based, software as a service (SaaS) company.^[5][6]

6 December 2018 - Founder Colin Porter announces his departure from CreditorWatch at the end of December 2018. The business will be led by the current managing director Patrick Coghlan who will assume the role of CEO.