Open Risk Exchange

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City: London

State: England

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Country: United Kingdom

Open Risk Exchange (ORX) is an online portal offering free credit scores for all registered businesses in the United Kingdom with an API on request for users requiring high volume programmatic access to its scores. ORX builds technology to find, extract and analyse publicly available data on businesses generating risk scores for every registered company in the UK. Leveraging complex statistical modelling and machine learning algorithms on a wide variety of structured and unstructured data sources ORX has created one of the most accurate business risk models in the market. Recent tests with high-street banks, online lenders and insurers have demonstrated that the ORX scorecard outperforms the accuracy of some of the leading commercial credit scorecards offered by the credit bureaus such as Experian, Equifax and Dun &a; Bradstreet. The company was founded in November 2015 and is backed by Passion Capital, one of the most prominent venture capital investors in the UK with investments in some of the leading financial technology companies including GoCardless, Monzo and Tide. Eileen Burbidge, Special Envoy to the Chancellor for FinTech and part of the Prime Minister’s Business Advisory Group represents Passion Capital on the company’s board of directors.

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