Okredo - About the company
Okredo is a seed company based in Vilnius (Lithuania), founded in 2015. It operates as a Developer of an open banking API for businesses. Okredo has raised $1.78M in funding from investors like Presto Ventures, LitBAN and Lighthouse Ventures. 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
Developer of an open banking API for businesses. It offers a solution that enables businesses to obtain reports on performance, a business interface to access resources on relationships between employees, companies, and clients, financial statements, and risk monitoring.
- Website
- okredo.com
- Email ID
- *****@okredo.lt
Key Metrics
Founded Year
2015
Location
Vilnius, Lithuania
Stage
Seed
Total Funding
$1.78M in 3 rounds
Latest Funding Round
Investors
Ranked
10th among 25 active competitors
Employee Count
17 as on Aug 31, 2026
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Okredo's funding and investors
Okredo has raised a total funding of $1.78M over 3 rounds. Its first funding round was on Nov 18, 2021. Its latest funding round was a Grant (prize money) round on Aug 13, 2024 for $*****. 1 investor participated in its latest round. Okredo has 5 institutional investors.
Here is the list of recent funding rounds of Okredo:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 13, 2024 | 8871891 | Grant (prize money) | 7757284 | 1679716 | 4561449 | 9590090 |
Aug 22, 2022 | 3301933 | Seed | 3427744 | 7061915 | 6765108 | 6200216 |
Nov 18, 2021 | 4186432 | Seed | 9334384 | 5735110 |
View details of Okredo's funding rounds and investors
Okredo's founders and board of directors
Founder? Claim ProfileOkredo's employee count trend
Okredo has 17 employees as of Aug 26. Here is Okredo's employee count trend over the years:
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Okredo's Competitors and alternates
Top competitors of Okredo include Bloom Credit, Array and AperiData. Here is the list of Top 10 competitors of Okredo, 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 |
Looking for more details on Okredo's competitors? Click here to see the top ones
Okredo's Investments and acquisitions
Okredo has made no investments or acquisitions yet.
Reports related to Okredo
Here is the latest report on Okredo's sector:
News related to Okredo
•
Okredo Scores €1.2 Million In Eu Funding For Ai/ml-driven Scoring SystemFinextra•Aug 13, 2024•Okredo, Europa
•
SME Finance and Okredo to generate pre-approved credit limits for business loansFinextra•Sep 27, 2023•SME Finance, Okredo
•
SME Finance and Okredo Partnership Achieves First-of-Kind Open Data Financing SolutionFintech Finance•Sep 27, 2023•SME Finance, Okredo
•
Okredo Enters UK Market to Grant Businesses Access to Open Data Amid Economic InstabilityPR Newswire•Jan 20, 2023•Okredo
•
Georgian startup KIKLIKO received $100k in a pre-seed fundingAIN.Capital•Dec 26, 2022•KikLiko, Presto Ventures, Okredo, Choice and 1 other
•
Vilnius-based SaaS company Okredo bags €650K, will develop open banking solutionSilicon Canals•Aug 22, 2022•Okredo, LitBAN, Presto Ventures, Lighthouse Ventures and 1 other
•
Open Data Platform, Okredo, Secures €1M via Seed Round Led by Presto Ventures, Lithuania’s Business Angels FundCrowdfund Insider•Nov 19, 2021•Okredo, LitBAN, Presto Ventures, Startup Wise Guys
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