Infact is thrilled to announce a significant milestone in its journey: the successful raising of £4 million in seed funding and securing FCA authorisation as a Credit Reference Agency. This achievement represents a crucial advancement in Infact's mission to establish the UK's first real-time credit bureau.

The £4 million investment, led by AlbionVC with participation from 13books Capital, Outward VC, Form Ventures, and Portfolio Ventures, along with support from prominent angels in the credit referencing, lending, and fintech sectors, underscores the potential of Infact's innovative approach. This capital will fuel the company's growth, enabling it to expand its team, accelerate the development of a comprehensive bureau database, and broaden its product suite to support the entire credit lifecycle.

The company is especially proud of the team assembled to address this challenge. Led by co-founders Will Mason and Andy Milligan, who bring valuable experience from their time at Runpath (acquired by Experian), Infact's founding team possesses diverse credit experience from industry leaders such as NatWest, TSB, Castlight, Experian, Credit Kudos, Metro Bank, Ratesetter, Laybuy, and Visa.

Since obtaining FCA authorisation, Infact has hit the ground running, achieving encouraging early success with several leading UK lenders engaging to help populate its bureau. The company has also successfully launched its first product, the Affordability Engine, which has been well-received by the market.

As Infact enters this next phase of growth, there is great excitement about the potential to effect real change in the credit information market. The company remains committed to supporting today's lenders by treating consumers as individuals with rich and varied financial lives, eager to witness the positive impact its work will have on both lenders and consumers alike.