Emric - About the company
Emric is an acquired company based in Stockholm (Sweden), founded in 1999. It operates as a Credit management solution provider. Emric has raised an undisclosed amount in funding. The company has 549 active competitors, including 75 funded and 34 that have exited. Its top competitors include companies like FinBox, Setpoint and OPLinnovate.
Company Details
Emric provides the global network of banks, credit companies and system partners with solutions in lending and leasing. Their Loan Origination and Loan Administration solutions are designed for processing high volumes of corporate credit, mortgages and unsecured loans. All input data is validated in the application phase and a high volume of data can be handled whether single parameters, such as income, or complex variables, such as mortgage certificates. The decision phase combines the risk scoring, lending thresholds and business rules that determine the loan decision. And the third phase, documentation, ensures that all necessary documents are produced with the correct client information. For each product, there’s a choice of standard service level and delivery type: licence, software as service and BPO
- Website
- emric.com
- Social
Key Metrics
Founded Year
1999
Location
Stockholm, Sweden
Stage
Acquired
Latest Funding Round
Ranked
186th among 549 active competitors
Exit Details
Acquired by Tieto (Sep 01, 2016)
Emric's acquisition details
Click here to take a look at Emric's acquisition in detail
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Emric's funding and investors
Emric has raised funding over 1 round. Its latest funding round was a Series A round on 2001 for $*****. 1 investor participated in its latest round. Emric has 3 institutional investors.
Here is the list of recent funding rounds of Emric:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
2001 | 7506 | Series A | 1868 | 5872 | 7206 | 6553 |
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Emric's Competitors and alternates
Top competitors of Emric include FinBox, Setpoint and OPLinnovate. Here is the list of Top 10 competitors of Emric, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of infrastructure, risk intelligence, and orchestration solutions for digital lending | $51.1M | 70/100 | ||
2nd |  Setpoint 2021, Austin (United States), Series B | Provider of software for managing debt facilities and securitized products | $94.8M | 67/100 | |
3rd |  OPLinnovate 2015, Ahmedabad (India), Series B | White label solutions for financial institutions | $14.2M | 67/100 | |
4th | nCino 2011, Wilmington (United States), Public | Provider of a platform for digitizing and reengineering financial service processes | $222M | 67/100 | |
5th | Peach Finance 2018, Oakland (United States), Acquired | Software for loan life cycle management | $35.8M | 65/100 | |
6th | Provider of AI-driven platform for financial analysis, verification, and decisioning | $435M | 64/100 | ||
7th | Provider of software, data, analytics, and related services for financial institutions | - | 63/100 | ||
8th |  Finley 2021, San Francisco (United States), Acquired | Software-based credit cycle management solutions for businesses | $20.1M | 63/100 | |
9th | MeridianLink 1998, Costa Mesa (United States), Acquired | Loan life cycle management systems for lenders and financial institutions | - | 62/100 | |
10th |  Turnkey Lender 2014, Austin (United States), Series A | AI-driven loan origination and management software for banks and non-bank lenders | $18.1M | 61/100 | |
186th | Credit management solution provider | - | 27/100 |
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Emric's Investments and acquisitions
Emric has made no investments or acquisitions yet.
Reports related to Emric
Here is the latest report on Emric's sector:
News related to Emric
•
Trustly & Emric, Part of Tieto, Partner-Up | Crowdfund InsiderCrowdfund Insider•Oct 09, 2017•Trustly, Emric, Nordic Software, EMRIC
•
Tieto Oyj : Qliro launches a savings account service with solution from Emric4-Traders•Jun 14, 2017•Qliro, Emric
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