Coface acquires Rel8ed

Global credit insurer Coface is acquiring Rel8ed Analytics.

Founded in 2015, Rel8ed is a Canadian company offering predictive analytics, public data, and big data analysis on corporations, business owners, and their market activities. It is a team of ~10 according to LinkedIn data.

In 2019, Coface established a data lab in Paris to exploit data science technologies in order to optimize its products, its risk assessments, and develop new services. The acquisition brings new, rich data sets and analytics capabilities, which will benefit Coface trade credit insurance as well as the company’s business information customers and teams.

“Over the last year, as we partnered with Rel8ed, it has demonstrated a truly distinct set of capabilities to Coface and our clients, in the North America market, where deep insights into mid-market and small businesses are difficult to acquire. Bringing their unique approach and methodology to curating open, public, and alternative data sources will help us expand our database. Ultimately, it will allow us to better accompany our clients which need to closely monitor their credit and supply chain risks.” – Oscar Villalonga, CEO for Coface North America.

“Businesses don’t simply need access to broad data sources, they need predictive analytics and actionable insights to support their business decisions. We are happy to welcome the experts of Rel8ed into Coface. Adding their talents and skills to our set-up will allow us to continue enrich our data capabilities and get the most out of it for our clients.” – Thibault Surer, director of strategy and business development at Coface.