Credrails - About the company
Credrails is a seed company based in Nairobi (Kenya), founded in 2020. It operates as an Open banking aggregation APIs. Credrails has raised $2.5M in funding from Precursor Ventures and Samos Investments. The company has 25 active competitors, including 12 funded and 1 that has exited. Its top competitors include companies like Bloom Credit, Array and AperiData.
Company Details
Open banking aggregation APIs. It offers APIs that enable banks and financial institutions to aggregate financial data from multiple sources. It features lending and risk analytics, reconciliation and transaction analytics, and more.
- Website
- www.credrails.com/
- Email ID
- *****@credrails.com
Key Metrics
Founded Year
2020
Location
Nairobi, Kenya
Stage
Seed
Total Funding
$2.5M in 1 round
Latest Funding Round
Investors
Ranked
11th among 25 active competitors
Employee Count
31 as on Aug 31, 2026
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Credrails's funding and investors
Credrails has raised a total funding of $2.5M over 1 round. Its latest funding round was a Seed round on Jan 2022 for $*****. 3 investors participated in its latest round. Credrails has 6 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Credrails:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Jan 2022 | 6227400 | Seed | 8142846 | 6181527 | 5058490 | 1738466 |
View details of Credrails's funding rounds and investors
Credrails' founders and board of directors
Founder? Claim ProfileCredrails' employee count trend
Credrails has 31 employees as of Aug 26. Here is Credrails's employee count trend over the years:
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Credrails's Competitors and alternates
Top competitors of Credrails include Bloom Credit, Array and AperiData. Here is the list of Top 10 competitors of Credrails, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Bloom Credit 2016, New York City (United States), Series B | Provider of tools for credit repair and score management | $34.3M | 59/100 | |
2nd | Array 2020, New York City (United States), Seed | Provider of a credit data integration platform | - | 53/100 | |
3rd | AperiData 2017, Chester (United Kingdom), Acquired | Provider of cloud-based open banking API solutions for lenders and banks | $1.67M | 52/100 | |
4th | CreditChek 2021, Lagos (Nigeria), Seed | Developer of a credit data aggregating platform | $840K | 50/100 | |
5th | Open banking aggregation API | $3.5M | 44/100 | ||
6th | ClearStake 2020, London (United Kingdom), Seed | Open banking aggregation solution for individuals and businesses | $1.96M | - | 43/100 |
7th | Noble 2021, San Mateo (United States), Series A | Developer of API-based credit data aggregation solution | $18.1M | 40/100 | |
8th | Data discovery platform for enterprises | $5.3M | 40/100 | ||
9th | Prestatech 2016, Berlin (Germany), Seed | Banking software suite | $4.36M | 39/100 | |
10th | Developer of an open banking API for businesses | $1.78M | 39/100 | ||
11th | Open banking aggregation APIs | $2.5M | 37/100 |
Looking for more details on Credrails's competitors? Click here to see the top ones
Credrails's Investments and acquisitions
Credrails has made no investments or acquisitions yet.
Reports related to Credrails
Here is the latest report on Credrails's sector:
News related to Credrails
•
Credrails partners with Access Bank to foster the future of finance in AfricaAfrica Business Communities•Apr 01, 2022•Access Bank, Credrails
•
Softbank Seed Funds African Startup Exiting 'Stealth Mode'BloombergQuint•Feb 21, 2022•Credrails, SoftBank Group
•
Kenyan open finance infrastructure startup Credrails raises seed funding roundDisrupt Africa•Feb 21, 2022•Credrails, SoftBank Group, Unicorn Growth Capital, Samos Investments and 4 others
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