Challenger Credit Reference Agency, Infact has raised a £4 million seed funding round after securing FCA authorisation to establish the first real-time credit bureau for the digital financial services market.  

The funding was led by AlbionVC, with participation from 13books Capital, Outward VC, Form Ventures, and Portfolio Ventures. Infact is also backed by leading angel investors in the credit referencing, lending, and fintech space. This investment will be used to accelerate building the richer bureau database and to extend the product suite to help challenger lenders and banks reset the scales when it comes to credit.