CreditLogic given €250,000 Enterprise Ireland injection
Enterprise Ireland has invested €250,000 in Dublin-based CreditLogic, the mortgage application software firm established last year by three former KBC executives.
The company has developed a platform that can be used by mortgage brokers and lenders to accelerate the application process. It uses data analytics and artificial intelligence.
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It was established by founders including Eddie Dillon. He was the director of innovation at KBC Bank Ireland before setting up CreditLogic.
The company has previously secured €1m in funding.
Its directors include Martin Scott, who is its non-executive chairman. He is a partner at The Riverside Company, a London private equity firm. Other shareholders in CreditLogic include co-founder Mary Brennan, the company's chief operating officer.
She was formerly a senior programme manager at KBC Bank Ireland. The other co-founder and shareholder is Gavin Bennett, CreditLogic's chief technical officer. He was previously head of innovation at KBC Bank Ireland.