CreditWorks Wins Contract with Coface to Support its Credit Insurance Underwriting Business

October 26, 2022

Coface selects CreditWorks New Zealand as credit and financial data partner including API driven decisioning, fully digitised financials and in-depth credit analysis.

CreditWorks, a commercial credit reporting bureau with over 3.7 million debtor records across New Zealand, announced it has secured a contract with Coface, a global specialist in trade credit insurance, to support its global insurance underwriting business that has a presence in more than 100 countries.

CreditWorks is a New Zealand-owned credit reporting bureau that provides credit and financial risk information, digitised financials, credit scoring and modelling and API driven data delivery. CreditWorks in-depth data enables businesses of all sizes to access credit risk information. Key data highlights include ‘Risk Scorecard’, the most predictive credit algorithm in the New Zealand market, unique SME payment and default data.

The partnership with Coface marks a significant milestone for both Coface and CreditWorks.

Coface will utilise the CreditWorks API to automate and integrate credit reports (including fully digitised financial information), credit ‘Risk Score’ and credit monitoring into the Coface system.

Ronnie Tan, Founder and Chief Executive Officer of CreditWorks said, “We’re excited to be providing Coface with detailed credit risk data to support its insurance underwriting business. This will help deliver invaluable information to Coface so it can make data-driven business decisions, a necessity in the current competitive financial and economic environment.”

Chris Little, Chief Executive Officer of Coface Australia and New Zealand said, “Coface is pleased to engage CreditWorks to support our global organisation. Working with Ronnie’s team is a very positive experience, and our insurance underwriting is all the stronger now, as we’re able to leverage the superior data and product offerings provided by CreditWorks.”

David Meys, Commercial Director Coface New Zealand said “Credit Insurance is still new to most NZ businesses used to trading on a handshake, but with Coface formally entering the market we’re pleased to partner with local reporting experts CreditWorks in providing NZ businesses options to securitise trade and grow with confidence”.

Roberto Bastos, Manager of Credit Research of Coface Australia and New Zealand said, “Gaining access to fully digital financial information allows our enhanced information team to provide a diverse range of analytics and credit exposure recommendations to Coface’s risk and underwriting team.”


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About CreditWorks
CreditWorks is a digital credit reporting agency, headquartered in Auckland. From SME through to NZX listed companies with more than 3.7m data records assisting New Zealand customers avoid high-risk debtors and ensure they get paid on time. CreditWork’s customers can easily search for and monitor the credit history, court actions, payment defaults and insolvency notices associated with any business entity in New Zealand giving them an incredibly accurate picture of the risk posed to their business. The company was founded in 1998, and has continued to work with it’s customers to develop solutions to meet the changing credit environment. Find out more at


About Coface
With 75 years of experience and an extensive international network, Coface is a leader in trade credit insurance and adjacent specialty services, including Factoring, Debt Collection, Single Risk insurance, Bonding and Information services. Coface’s experts work to the beat of the global economy, helping ~50,000 clients in 100 countries build successful, growing, and dynamic businesses across the world. Coface helps companies in their credit decisions. The Group’s services and solutions strengthen their ability to sell by protecting them against the risks of non-payment in their domestic and export markets. In 2021, Coface employed ~4,538 people and registered a turnover of €1.57 billion.



Phil Ashby
National Sales Manager, CreditWorks
Mobile: +64 21 586 678

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