Credit Burea Asia

What Credit Burea Asia does

Credit Bureau Asia Limited (CBA) is a Singapore-headquartered provider of consumer and commercial credit information services operating across Southeast Asia through a network of licensed subsidiaries and joint ventures. The company operates two principal segments: an FI Data Business delivering consumer credit reporting and scoring through Credit Bureau Singapore, and a Non-FI Data Business delivering commercial credit reports, risk management solutions, sales and marketing analytics, debt collections, and business education services through Dun & Bradstreet Singapore, Dun & Bradstreet Malaysia, and the Singapore Commercial Credit Bureau. CBA holds 99.9% market share in Singapore's consumer credit bureau market and is the sole licensed credit bureau operator in Cambodia and Myanmar, with a growing footprint in Vietnam through a joint venture with FiinGroup JSC and exploration of China under the CCI framework.

The technology stack rests on proprietary integrated credit bureau platforms, including a multi-industry data-sharing platform, the 24/7 online Singapore Commercial Credit Bureau portal, and the Generation 3 Credit Score launched in Singapore in H2 2021. CBA collaborates with Quantexa for AI-driven compliance, KYC, AML, and fraud detection using graph-based analytics, and is developing AI-generated Financial Stress Scores for SME commercial credit assessment. The company aggregates data covering more than 500 million credit files across 200+ countries and 330+ million business records globally through its 25-year partnership with Dun & Bradstreet.

CBA generates revenue primarily through subscription-based and usage-based fees. The FI Data Business grew revenue 4.7% to S$17.7 million in FY2020 from bulk review reports and credit application reports sold to 200+ financial institution members. The Non-FI Data Business grew 8.3% to S$25.7 million in FY2020 from commercial credit reports, risk management solutions, and global credit risk services. FY2024 group revenue reached S$59.7 million with PATMI of S$11.2 million, distributed across 6,000+ corporate customers in banking, microfinance, telecommunications, MNCs, and government agencies. The company serves all five Singapore-licensed digital banks as members and operates the Moneylenders Credit Bureau under Ministry of Law designation.

Name

Credit Burea Asia

Legal name

Credit Bureau Asia Limited

Website

https://creditbureauasia.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

Credit Bureau Asia is a Singapore-based provider of consumer and commercial credit information services, operating across Southeast Asia through subsidiaries in Singapore, Malaysia, Cambodia, and Myanmar. It serves banks, corporations, and government agencies with credit reporting, scoring, and compliance solutions.

Ownership category

akta.pro rank

Product category

Credit Information Services

NAICS

Credit Bureaus (561450), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320), Miscellaneous Business Credit Institution (6159), Personal Credit Institutions (6141)

akta.pro primary industry

Credit Bureaus & Consumer Credit Reporting Agencies (FSAKAKAA)

akta.pro secondary industries

Alternative / Non-Traditional Credit Data Providers (FSAKAKAB), Credit Research (FSACAGAB), Credit Education, Monitoring & Consumer Credit Management Tools (FSAKAKAJ)

Keywords

• Consumer credit reporting
• Commercial credit reports
• Credit risk solutions
• Business information services
• Compliance due diligence

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. FI Data Business: Financial Institution Data Business providing credit information services to banks and financial institutions. Revenue grew 4.7% to S$17.7 million in FY2020. Generates revenue from bulk review reports sold to bureau members and new credit application reports. As of December 2020, the Group has more than 200 financial institution members across Singapore, Cambodia and Myanmar.
2. Non-FI Data Business: Non-Financial Institution Data Business providing commercial credit risk information, global credit risk management solutions, commercial credit bureau reports, receivables management services, and business education services. Revenue grew 8.3% to S$25.7 million in FY2020. Includes D&B Singapore and D&B Malaysia operations with access to 330+ million business records globally.
3. Global Credit Risk Management Solutions: Risk management solutions and compliance services to local and global customers. Revenue increased 11.9% to S$14.3 million in FY2020 driven by demand from increased compliance and risk management requirements.
4. Singapore Commercial Credit Bureau Reports: Commercial credit reports and profiles of business partners. Revenue from sale of reports increased 7.3% to S$7.3 million in FY2020 mainly as a result of new customer acquisitions.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Credit Bureau Asia provides consumer and commercial credit information services across Singapore, Cambodia, Myanmar, and Malaysia. The company operates a consumer credit bureau serving financial institutions through subscription-based data sharing and scoring, and a commercial credit bureau providing corporate credit reports, compliance and due diligence services, and risk management solutions to multinational corporations, local enterprises, telecom companies, and government agencies. It is the sole licensed credit bureau operator in Cambodia and Myanmar, and the dominant provider in Singapore's financial institution data market.

Product overview

Credit Bureau Asia (CBA) operates as a leading credit and risk information solutions provider in Southeast Asia, offering a comprehensive portfolio of products across two core segments: Financial Institution Data (FI Data) Business and Non-Financial Institution Data (Non-FI Data) Business. The FI Data Business includes consumer credit scoring through Credit Bureau Singapore, corporate credit reporting, and compliance services. The Non-FI Data Business operates through Dun & Bradstreet brand partnerships (Singapore and Malaysia), providing commercial credit reports, risk management solutions, sales & marketing solutions, debt collections, and DunTrade tradeline programs. CBA also operates specialized bureaus including Singapore Commercial Credit Bureau for SME risk assessment, Moneylenders Credit Bureau, Credit Bureau Cambodia, and Myanmar Credit Bureau. The company serves over 6,000 customers with access to a database covering more than 500 million credit files and 330+ million business records globally. CBA Data Solutions provides proprietary technology infrastructure for credit bureau operations. The portfolio includes AI-driven compliance solutions through the Quantexa partnership, credit monitoring services, and industry data analytics.

Differentiator

Problem solved

Functional benefit

Products and services

• Credit Bureau Singapore (CBS) Consumer Credit Bureau Licensed consumer credit bureau in Singapore providing credit reports, scores, and related data services to subscribing financial institutions for consumer credit decisioning. Operates as a member-based exchange serving 200+ licensed FIs.
• Singapore Commercial Credit Bureau (SCCB) Online commercial credit bureau providing 24/7 access to corporate credit reports, Financial Stress Score, and credit information on Singapore-incorporated companies for SMEs, MNCs, and government agencies.
• Dun & Bradstreet Singapore Dun & Bradstreet-branded commercial credit information, due diligence, and risk management services for Singapore-based corporate customers, leveraging the global D&B database of 330+ million businesses.
• Dun & Bradstreet Malaysia Commercial credit information services offered in Malaysia under the Dun & Bradstreet brand, providing access to the global D&B business database for Malaysian corporate customers.
• Credit Bureau Cambodia (CBC) Sole licensed consumer credit bureau in Cambodia, providing credit reports, scores, and bureau data services to subscribing Cambodian financial institutions.
• Myanmar Credit Bureau (MMCB) Sole licensed consumer credit bureau in Myanmar, providing consumer credit reports, scores, and bureau data services to subscribing Myanmar-licensed financial institutions.
• Moneylenders Credit Bureau (MLCB) Dedicated credit bureau service for licensed moneylenders in Singapore, providing borrower credit information to support responsible lending decisions and default prevention.
• Compliance and Due Diligence Services AI-driven compliance, KYC, AML, counterparty onboarding, and fraud detection services for corporates and financial institutions, powered by Quantexa's contextual decision intelligence and graph-based analytics.
• Generation 3 Credit Score Proprietary consumer credit scoring product using a multi-data dimensional model designed to enhance predictive accuracy over the legacy approach for credit decisioning by financial institution customers.
• Financial Stress Score Commercial credit score available via SCCB providing a predictive indicator of near-term financial stress for Singapore-incorporated corporate entities, used by lenders, suppliers, and procurement teams.

Quantifiable outcome

• FY2024 revenue of S$59.7 million, growing 10% year-over-year
• +3 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability5 records

Feature5 records

Partnerships

Seven partnerships are on record, tiered flagship, minor and core.

• Dun & BradstreetflagshipStrategic or Co-development Partner · 1 April 2024Strategic partnership with Dun & Bradstreet renewed for 5 years from January 2024 covering Singapore and Malaysia markets. CBA's symbiotic relationship with D&B commenced 25 years ago. CBA is the market leader in commercial credit and risk information in Singapore and Malaysia with global reach through the D&B Worldwide Network comprising more than 200 markets globally.
• China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity Administration Bureau (CCIB)minorStrategic or Co-development Partner · 12 April 2023MOU to explore cross-border credit bureau cooperation under the CCI framework. CBA to explore entering China credit bureau market with CCIB for the benefit of Chongqing financial industry.
• QuantexacoreTechnology or Integration · 20 September 2021Collaboration between D&B Singapore and Quantexa to enhance compliance and anti-money laundering efforts of Financial Institutions, Insurance Companies, Government entities, and Multi-national Corporations in Singapore. Combining Quantexa's advanced AI solutions and D&B's comprehensive data for automated compliance processes.
• FiinGroup JSCflagshipStrategic or Co-development Partner · 2 August 2021MOU signed to form a joint venture in Vietnam to provide analytics and data solutions to financial institutions and explore establishing a private credit bureau. FiinGroup is Vietnam's leading integrated service provider of financial data, licensed by Vietnam Ministry of Finance as Credit Rating Agency since March 2020. CBA will take substantial shareholding in the JV.
• Credit Counselling SingaporecoreStrategic or Co-development Partner · 8 July 2021Exclusive partnership MOU between D&B Singapore and Credit Counselling Singapore to promote awareness of Debt Management Programme (DMP) and financial literacy education for sole proprietors, partnership businesses and SMEs. First time D&B Singapore and CCS have joined hands to promote responsible use of credit and prudent debt management.
• Myanmar Bankers AssociationflagshipStrategic or Co-development Partner · 1 January 2016Joint venture partner for Myanmar Credit Bureau (MMCB). MB Investment Limited, formed by member banks of the Myanmar Bankers Association, holds 40% stake in MMCB while NSP Asia Investment Holding (CBA subsidiary) holds 60%. MMCB received Credit Bureau Licence from Central Bank of Myanmar in 2018.
• Association of Banks in Singapore (ABS)flagshipStrategic or Co-development PartnerJoint venture partner for Credit Bureau Singapore. CBS is a joint venture between ABS and Infocredit Holdings Pte Ltd. ABS represents the banking industry in Singapore.

Scale indicators13 records

Recent moves12 records

Expansion highlights7 records

Broad incumbents

• Experian: Global consumer and commercial credit bureau operating across multiple regions with consumer credit scores, business credit reports, and analytics; comparable to CBA as a direct credit-bureau competitor in markets where both operate, with a much broader global footprint and deeper product suite.
• TransUnion: Major global credit bureau offering consumer credit reports, commercial credit information, and risk analytics; comparable to CBA in core product offering (credit reports, scores, monitoring) and target market (financial institutions and corporations) with a more diversified geographic footprint.
• Equifax: Global credit bureau providing consumer and commercial credit reporting, scores, and analytics to banks, lenders, and corporations; directly comparable to CBA's core business model with significantly greater scale, product breadth, and geographic coverage.
• CRIF: Italian-headquartered global credit bureau and business information provider active in EMEA, the Americas, and Asia; directly comparable as a credit bureau operator and a competitor in selected Asian markets with similar product offerings (consumer/business reports, scores, decisioning).

Emerging players

• Creditsafe: Global commercial credit reporting and business information provider with coverage of 400M+ companies; comparable to CBA's D&B-backed Non-FI Data Business and a potential competitor in cross-border commercial credit reporting for MNCs operating in Southeast Asia.
• Credit Kudos (a TransUnion company): Open banking-based credit scoring and affordability provider; comparable as a technology-enabled alternative credit data provider targeting the same FI customer base, and representative of the fintech/alternative-data disruptor category that could pressure CBA's traditional credit bureau economics.

Regional players

• CIC Credit Information Industry Co., Ltd. Taiwan-based credit bureau providing consumer and commercial credit information across Asia; comparable in business model and product offering to CBA's consumer and commercial credit reporting services, though operating in a different geography.
• China Cheng Xin Credit Information Co., Ltd. (CCXI): One of China's licensed credit information agencies offering enterprise credit reports, consumer credit information, and credit ratings; comparable to CBA as a national credit bureau with regulatory license, relevant as a potential incumbent and benchmark for CBA's exploratory China (CCIB) market entry.

Direct peers

• Vietnam Credit Information Joint Stock Company (PCB): Vietnam's established credit information provider serving banks and financial institutions; the most direct comparable to a credit bureau serving financial institutions, and a competitor/regulatory counterpart to CBA's planned FiinGroup JV in the Vietnamese market.

Others

• Dun & Bradstreet: Global commercial credit information and analytics provider with 330M+ business records; CBA's JV partner in Singapore and Malaysia for 25+ years, and the source of CBA's commercial bureau data — comparable business model but parent/partner rather than direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Credit Burea Asia