Cortera
Cortera is a B2B trade credit and payment behavior data platform covering 600M+ pre-scored companies globally, serving corporate credit and treasury teams, banking, insurance, asset management, and public-sector buyers through subscriptions, APIs, and embedded connectors. It now operates as a brand within Moody's Analytics.
- Company typePrivate
- Founded1993
- HeadquartersBoca Raton, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Cortera does
Cortera is a B2B trade credit and payment behavior data platform, founded in 1993 and headquartered in Boca Raton, Florida. The company maintains a global database covering 600M+ pre-scored companies, $3.7 trillion in biennial B2B transactions across 60M+ business locations and 45 industry categories, and a 20M-company industry monitor dataset powered by over $1.7 trillion in annual B2B transactions. Its core product architecture is a cloud-hosted trade credit data platform offering firmographics, corporate hierarchy and ownership, legal events, risk assessment scores, payment and purchase behavior, ESG/cyber/geopolitical emerging risk signals, and comparable financials, delivered through web platforms, APIs, proprietary CRM/ERP connectors, scheduled data feeds, and batch file appends. Named modules include Moody's Pulse (anonymized contributed A/R data converted into forward-looking payment risk insight), Industry Monitors (industry-level purchasing, payment, and financial trends), and Monthly US AR Trends; a new unified risk platform, Moody's Maxsight, was launched in February 2025.
Cortera generates revenue primarily through enterprise subscriptions to the trade credit database, with quote-based annual contracts sold via a sales-led motion that targets corporate credit and treasury teams, banking, insurance, buy-side asset management, and the public sector. Secondary revenue streams include API and data-feed licensing (usage-based and contracted), Industry Monitors and market-trends subscriptions, and data-monetization through the Moody's Pulse A/R contribution product. Distribution is hybrid: enterprise direct sales via "Request a Demo" for trade credit data, complemented by a self-serve developer API portal at start.cortera.com and public signup flow that enables product-led adoption. Pricing is not publicly disclosed; enterprise tiers are quote-based annual subscriptions while developer API access is usage-based under Moody's Analytics Terms of Service.
The company is a brand and product platform within Moody's Analytics, Inc., a subsidiary of Moody's Corporation (NYSE: MCO). Its URLs (start.cortera.com), login systems, Developer API, Industry Monitors, and Moody's Pulse products are all hosted under the Moody's Analytics umbrella, with Terms of Service and Privacy governed by moodys.com. Pre-acquisition, Cortera raised approximately $578M+ in growth and venture capital across rounds from 1999 through 2018, with investors including Battery Ventures, Hearst's Financial Venture Fund, TomorrowVentures, Volition Capital, Bain Capital, JPMorgan Partners, and Actua Corporation; the brand now operates as a flagship trade credit data offering inside Moody's broader capabilities stack.
Cortera firmographics
Firmographics- Name
- Cortera
- Legal name
- Moody's Analytics, Inc.
- Website
- https://cortera.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Cortera is a B2B trade credit and payment behavior data platform covering 600M+ pre-scored companies globally, serving corporate credit and treasury teams, banking, insurance, asset management, and public-sector buyers through subscriptions, APIs, and embedded connectors. It now operates as a brand within Moody's Analytics.
- Ownership category
- akta.pro rank
Cortera industry classification
Industry- Product category
- Business Credit Data & Risk Analytics
- NAICS
- Credit Bureaus (561450), Securities and Commodity Contracts Intermediation and Brokerage (5231), Investment Banking and Securities Intermediation (523150)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320), Loan Brokers (6163)
- akta.pro primary industry
- ESG Data, Ratings & Climate Benchmarks (FSAFAIAI)
- akta.pro secondary industries
- Regulatory Reporting Hubs & Aggregators (Multi-Regime/Multi-Asset) (FSAFAJAF), Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms (EUABAEAE)
Keywords
Where Cortera is headquartered
LocationHeadquarters
- HQ city
- Boca Raton
- HQ country
- United States
- HQ region
- North America
Markets served
Cortera business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Operations, Marketing or Sales
Revenue model
- Trade Credit Data Subscriptions: Recurring subscription revenue from access to the Moody's/Cortera trade credit database, including firmographics, ownership, risk scores, payment behavior, and financials on 600M+ entities. Sold via demo/sales-led motion with tiered enterprise subscriptions.
- API & Data Feed Licensing: Recurring and consumption-based revenue from licensing trade credit data via APIs, proprietary connectors, batch appends, and scheduled feeds for embedding into client CRM/ERP and analytical systems.
- Industry Monitors & Market Trends Subscriptions: Subscription access to Industry Monitors and market trend analytics built on aggregated 20M+ company B2B transaction data, offering purchasing, payment, and AR trend alerts.
- Moody's Pulse A/R Contribution Data Product: Derived data product monetizing anonymized contributed A/R data into forward-looking payment risk signals for credit teams.
- Developer API Plans: Developer/API tier with sign-up and terms-of-service gating, supporting programmatic access for integration partners and developers building on the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise trade credit data subscriptions |
| Usage-based | Pay-as-you-go | Developer API access |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Cortera product offering
Product offeringCore offering
Cortera provides business-to-business trade credit and payment behavior data and insights on public and private companies. Operating as a brand within Moody's Analytics, the platform delivers credit risk analytics, accounts-receivable-derived forward-looking payment risk signals, industry payment trend monitors, and corporate hierarchy/ownership data covering 600+ million entities globally, accessible via web platforms, APIs, bulk feeds, and proprietary CRM/ERP connectors.
Product overview
Cortera (now operating under Moody's) delivers trade credit and trade risk data as a platform-plus-modules architecture. The core Trade Credit Data platform covers 600+ million entities across firmographics, ownership, legal, risk assessment, payment/purchase, emerging risk, and financial data. Built on top of it are named modules — Moody's Pulse (forward-looking payment risk insight from contributed A/R data), Industry Monitors (purchasing/payment/financial trends across industries), and Monthly US AR Trends — together with a Developer API and data-feed delivery channel, and the broader Moody's Maxsight unified risk platform that extends the data ecosystem into third-party, supply chain, and compliance risk use cases with embedded agentic AI.
Differentiator
Problem solved
Functional benefit
Products and services
- Trade Credit Data Platform Core data solution providing credit insights on 600+ million pre-scored companies globally, covering firmographics, ownership, legal events, risk assessment, payment and purchase data, emerging risk scores, and financials, deliverable via web products, APIs, bulk feeds, or proprietary CRM/ERP connectors.
- Moody's Pulse Module that turns anonymized, contributed accounts receivable data into forward-looking payment risk insight, helping credit teams spot critical changes in customer financial health and find data on private companies.
- Industry Monitors Tool offering extensive insight into key purchasing, payment, and financial trends across major industries, drawing from data on over 20 million companies and over $1.7 trillion in annual B2B transactions.
- Monthly US Accounts Receivable (AR) Trends Market-trends view providing average days beyond term, AR debt by state, and AR debt by industry across the US market.
- Moody's Maxsight Unified risk platform launched in February 2025 to help businesses decode risk and unlock opportunity across third-party relationships, supply chains, and compliance processes enterprise-wide, with embedded agentic AI capabilities.
- Developer API Partner-facing API providing direct, programmable access to the trade credit database, with real-time data updates, plus supporting delivery channels including data feeds, batch file appends, and proprietary CRM/ERP connectors.
Quantifiable outcome
- Covers 600+ million pre-scored companies globally with harmonized risk scores
- +2 more outcomes
Companies that use Cortera
Customer profileNamed customers3 records
Segments5 records
Ideal customer profiles6 records
Cortera technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature6 records
Cortera partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship and core.
- Moody's AnalyticsflagshipMoody's Analytics is the parent platform that hosts the Cortera-branded trade credit solutions at start.cortera.com. The Cortera login, developer API, Industry Monitors, Market Trends, and Moody's Pulse products all sit under Moody's Analytics, with Terms of Service and Privacy governed by moodys.com. Trade credit data is offered as part of Moody's broader capabilities for banking, insurance, buy-side, corporations, and public sector.
- Moody's Analytics (Legal/Compliance)coreTerms and Conditions and Privacy policies for the Cortera platform (start.cortera.com) are linked directly to moodys.com, indicating that Cortera operates under Moody's Analytics' legal, terms, and data governance framework.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
Cortera competitors and assessment
Company assessmentDirect peers
- Dun & Bradstreet: The category leader in global B2B commercial data and trade credit intelligence, offering the DUNS identifier, PAYEX/PAYDEX scores, and a 500M+ company database. Direct overlap with Cortera's trade credit data, risk scores, and corporate hierarchy offerings across banking, corporate, and public-sector buyers.
- Bureau van Dijk (Moody's): Sister brand under Moody's Analytics offering the Orbys platform with global B2B entity data, beneficial ownership, and corporate hierarchies. Closest functional peer — both operate within Moody's and target similar banking, corporate, and public-sector credit risk use cases, raising internal cannibalization risk.
- Allianz Trade (Euler Hermes): World's largest trade credit insurer, collecting granular B2B payment data to underwrite credit limits for corporates. The underlying credit intelligence database is a direct functional peer to Cortera's trade credit data, and Allianz Trade increasingly sells data and risk analytics independently of insurance.
- Coface: Global trade credit insurer with a proprietary business information database covering 80M+ companies and Debtor Risk Assessments. Direct overlap with Cortera on payment behavior data, credit scoring, and corporate buyer intelligence, particularly in Europe and emerging markets.
- Creditsafe: Private-company-focused business credit reporting provider covering 400M+ companies globally, with deep SME and mid-market reach. Direct competitor to Cortera in trade credit data subscriptions and APIs, often competing on price in the mid-market segment.
Broad incumbents
- Experian Business: Major credit bureau with a Business Information division providing commercial credit reports, Intelliscore Plus, and portfolio risk analytics on 400M+ businesses. Overlaps with Cortera on credit risk scores, firmographics, and payment data, but serves a much broader consumer and consumer-credit book.
- Equifax Business: Equifax's commercial division delivers business credit reports, Payment Index, and Financial Stability Risk Scores on 30M+ US businesses. Overlaps with Cortera on US trade credit decisioning, but Equifax is a consumer-credit-first incumbent that bundles commercial data into a wider bureau offering.
- S&P Global Market Intelligence: Provides reference data, counterparty risk, and corporate hierarchy data (Capital IQ Pro, S&P Credit Intelligence) to banking, asset management, and corporate treasury buyers. Overlaps with Cortera on credit risk scores, ownership data, and financial fundamentals, but is portfolio-analytics-led rather than trade-credit-led.
- LSEG (Refinitiv) Data & Analytics: London Stock Exchange Group (post-Refinitiv acquisition) provides World-Check, reference data, and risk intelligence to banking and capital-markets clients. Overlaps with Cortera on entity reference data, ownership hierarchies, and risk scores, but is primarily a financial-markets data incumbent.
Emerging players
- HighRadius: Cloud-based autonomous finance platform for order-to-cash and treasury workflows, embedding credit risk decisioning into A/R automation. Threatens to disintermediate standalone trade credit data by making credit scoring an upstream ERP-native function.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cortera social profiles
Digital presenceCortera financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cortera leadership team
Management profileNumber of profiles
Profiles3 records
Cortera funding detail
Funding detailFunding overview
Funding rounds12 records
Investors21 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cortera M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cortera
What does Cortera do?
Cortera provides business-to-business trade credit and payment behavior data and insights on public and private companies. Operating as a brand within Moody's Analytics, the platform delivers credit risk analytics, accounts-receivable-derived forward-looking payment risk signals, industry payment trend monitors, and corporate hierarchy/ownership data covering 600+ million entities globally, accessible via web platforms, APIs, bulk feeds, and proprietary CRM/ERP connectors.
Is Cortera a public or private company?
Cortera is a private company. It is classified as corporate owned and is currently acquired.
When was Cortera founded?
Cortera was founded in 1993. It employs 101 to 250 people.
Where is Cortera based?
Cortera is headquartered in Boca Raton, United States, in the North America region.
How does Cortera make money?
Five revenue lines are on record. Trade Credit Data Subscriptions are the primary driver. The others are API & Data Feed Licensing, industry Monitors & Market Trends Subscriptions, moody's Pulse A/R Contribution Data Product and developer API Plans.
Who are Cortera's main competitors?
Direct peers on record are Dun & Bradstreet, Bureau van Dijk (Moody's), Allianz Trade (Euler Hermes), Coface and Creditsafe. Broad incumbents are Experian Business, Equifax Business, S&P Global Market Intelligence and LSEG (Refinitiv) Data & Analytics. HighRadius is listed as an emerging player.
Does Cortera have an API?
Yes. Cortera (now part of Moody's) offers a public/partner-facing API plus additional delivery channels (data feeds, batch file appends, proprietary connectors, web-based platforms) for accessing its trade credit database covering 600+ million entities. APIs are described as providing "direct, programmable access to our databases, improving custom solutions and real-time data retrieval," with real-time data updates via APIs for risk management. A Developer API sign-in portal is provided at https://start.cortera.com/developer/dispatcher/signin, indicating partner/registered-developer access. Developer documentation is at start.cortera.com/developer/dispatcher/signin.
What industry is Cortera in?
Cortera's product category is Business Credit Data & Risk Analytics. Its primary akta.pro industry code is FSAFAIAI, ESG Data, Ratings & Climate Benchmarks, with a secondary code of FSAFAJAF, Regulatory Reporting Hubs & Aggregators (Multi-Regime/Multi-Asset). Its NAICS code is 561450 and its SIC code is 7320.