Confidas is an online platform that helps small businesses get paid on time by providing unique credit reports for more than 600.000 active Romanian companies.
Companies can expose their bad debt customers, affecting their credit scores for the following 5 years. It acts like a credit bureau specially designed for small businesses. We collect unique data on the market that allow us to determine the payment behaviour and assess the commercial risk.
We offer entrepreneurs undebatable trust in business, helping them recover unpaid invoices and avoid bad payers through our credit reports enriched with both unique and public data.
Currently, SMEs expose their bad debtors on Confidas by registering payment defaults and also check the commercial risk through our credit reports already enriched with public data (11 data sets). A payment default is a notification on a credit report flagging an unpaid invoice. It can affect a company’s credit report for 5 years. Moreover, anyone else dealing with the debtor will receive an email alert. While registering a default can help you get an overdue debt paid, it also helps other businesses prevent selling to bad debtors. The user-generated content, combined with public data, makes our credit reports comprehensive for our target market.