Business Irish

Monday 19 August 2019

CreditLogic given €250,000 Enterprise Ireland injection

(stock picture)
(stock picture)
John Mulligan

John Mulligan

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.

Irish Independent

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