Schufa Holding GmbH, the leading consumer credit information bureau in Germany aspires to become a new disrupter in European credit information by entering into a joint venture with Creditinfo Group (an Iceland based services provider of consumer credit information platforms).  The name of the joint venture will be Creditinfo SCHUFA GmbH.  

SCHUFA’s strategic objectives are to deploy its consumer credit information competency internationally.  It is using Creditinfo Group’s bureau software solutions and international presence in 11 countries (mostly Eastern Europe) as a platform for international expansion.  Creditinfo Iceland is a relative newcomer in the consumer credit information space.  It was founded in 1997, has 450 employees and sales of EURO 22 million (2007).  SCHUFA is the market leader in consumer credit information with sales of EURO 90 million (2007) and ha s768 employees.   Source:  SCHUFA & Creditinfo Press Release December 18th, 2008

BIIA Newsletter Nobember 2008 Issue