Heron Data

Heron Data Employees

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Heron Data Company Information

Heron Data, previously known as Open Credit, operates out of London, England, and has expanded its presence to include an office in New York, USA. The company, which is part of the Y-Combinator S20 batch, employs a team of 13 and serves clients primarily in the United Kingdom and Europe. Heron Data specializes in the B2B finance and accounting sector, providing services such as Merchant Cash Advance, Lines of Credit, Revenue Based Financing, Business Credit Cards, Embedded Finance, and Traditional Term Loans. Additionally, the company offers innovative services like ISO App Scrubbing, Parse PDF Bank Statements, Bank Statement Summary, Cash Based P&L, Loan Repayment Prediction, and Direct Plaid Integration. These services utilize advanced machine learning techniques to analyze financial data efficiently and accurately, aiming to simplify credit provision for fintechs by automating financial assessments and minimizing the need for human intervention. Heron Data has also achieved SOC 2 Type 2 security certification for its Transaction Categorization and Enrichment capabilities. The company’s commitment to technology-driven solutions is further evidenced by its no-code platform, comprehensive scorecard feature, and a newly launched dashboard for visualizing financial health, which includes built-in fraud detection with high accuracy. Heron Data’s partnership with Torpago has notably increased underwriting speed by 20 times, underscoring its impact in the financial technology space.

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