Credit Benchmark, the independent source of consensus credit risk information, has closed a $20m in Series B funding round led by Balderton Capital.
On the international expansion front, it announced the formal launch of its U.S. presence today (and the appointment of ex head of global sales and client services at S&P Capital IQ, Harry Chopra, as its a chief commercial officer there), although it already had a New York-based team. Chopra’s brief is to bring more banks on board and feeding data into the platform. A year ago Credit Benchmark said it had a dozen global banks in the U.S., U.K. and Continental Europe committed to supplying data. It’s now no longer disclosing how many banks it has but says it’s added “new contributors”. Whether some banks that had previously signed up have since dropped out is unclear.