Heron Data
Heron Data, formerly known as Open Credit, is a B2B finance and accounting company based in London, offering a wide range of financial services and machine learning-driven data analysis tools to enhance fintech credit solutions.
Company Overview
Heron Data, previously known as Open Credit, OpenCredit, and Open Credit, is a B2B company based in London, England, United Kingdom. Operating in the finance and accounting sub-industry, Heron Data employs a machine learning approach to analyze businesses' financial health specializing in financial data services. The company serves regions including the United Kingdom and Europe and has expanded operations to the US with an office in New York.
Y-Combinator Involvement
Heron Data was a part of the Y-Combinator S20 batch. This involvement has played a crucial role in their growth by providing them with valuable resources, mentorship, and networking opportunities in the early stages of their development.
Security Certifications
Heron Data has obtained the SOC 2 Type 2 security certification for Transaction Categorization and Enrichment. This certification ensures that Heron Data's handling of customer data meets stringent security requirements, reinforcing their commitment to data protection and providing clients with a high level of trust in their services.
Financial Services
Heron Data offers a range of financial services designed to assist businesses in managing their finances efficiently. These services include Merchant Cash Advance, Lines of Credit, Revenue Based Financing, Business Credit Cards, Embedded Finance, and Traditional Term Loans. Additionally, the company provides advanced tools such as ISO App Scrubbing, Parse PDF Bank Statements, Bank Statement Summary, Cash Based P&L, Loan Repayment Prediction, and Direct Plaid Integration.
Innovative Solutions
Heron Data utilizes innovative technology to deliver robust solutions for financial data analysis. Their notable offerings include the no-code solution for bank transaction data upload, a scorecard feature for quick company benchmarking, a dashboard for financial health visualization, and a Bank Statement Parsing & Fraud Detection service. These tools enable businesses to obtain accurate and instant financial insights without human intervention.