UK credit risk platform DirectID has received €9m in equity funding from Ingka Investments, the investment arm of Ingka Group which owns Swedish retailer IKEA. Using open banking, DirectID specializes in credit risk, risk analytics, and predictive modeling. It generates cutting-edge data to improve credit and risk decisions, and aims to introduce sophisticated credit and risk forecasting algorithms derived from the same.
Ikea Owner Invests in UK Open Banking Fintech DirectID
