CreditWorks
CreditWorks is a New Zealand-owned commercial credit reporting company that operates CRISworks, the country's first real-time trade debtor credit reporting system, serving NZ B2B businesses, individuals, and the construction sector with credit reports, monitoring, PPSR registration, and financial viability ratings.
- Company typePrivate
- Founded1998
- HeadquartersAuckland, New Zealand
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What CreditWorks does
CreditWorks is a privately held, 100% New Zealand-owned commercial credit reporting company founded in 1998 by Ronnie Tan and headquartered in Epsom, Auckland. The company operates CRISworks, New Zealand's first real-time, Internet-based commercial trade debtor credit reporting system, which aggregates positive debtor data from over 400 contributing businesses across 35 industry sectors to build a corpus of more than 3.5 million debtor records and $3.2 billion in current aged data at peak times. Its product suite includes PPSRplus (Personal Property Securities Register portal), MarketWatch (market share benchmarking), ApplyPlus (white-label online credit applications), AlertMe (continuous monitoring and alerts), FINZscore (construction industry financial viability ratings co-developed with Registered Master Builders NZ), and CheckMate (casual self-serve credit enquiries). Strategic partnerships extend coverage to 157 countries via Creditsafe, to Australia via CreditorWatch, and into consumer credit scoring via Equifax One Score; CreditWorks was also listed as an Inland Revenue Approved Credit Reporting Agency in July 2026.
The business model blends recurring subscription revenue from CRISworks Full Contributing Users, AlertMe, FINZscore, and MarketWatch with transaction fees from PPSRplus registrations, ApplyPlus application processing, and CheckMate one-off reports, supplemented by professional services from CreditWorks Solutions' outsourced credit management offering. GTM combines direct sales engagement (industry events, partnerships with the Building Industry Federation and Registered Master Builders) with self-serve online portals (CRISworks, CheckMate, PPSRplus) and an OEM/white-label embed via ApplyPlus. The company is the first NZ-owned credit bureau to achieve ISO 27001 certification (June 2022, renewed September 2025), positioning compliance and data security as a regulated differentiator in the NZ market. Headcount is in the 11–50 range; revenue is not disclosed.
CreditWorks' customer base spans B2B enterprises (building supply merchants, manufacturers, retailers), individuals and small business owners using CheckMate, and Registered Master Builders accessing FINZscore. Pricing is not publicly disclosed. Six founding contributing users — PlaceMakers, Bunnings, Carters, ITM, Mitre 10, and Exotic Timber — together with 95% building supply merchant coverage, anchor the original building-materials vertical from which the company expanded horizontally into consumer credit, PPSR, market share analytics, and construction financial viability.
CreditWorks firmographics
Firmographics- Name
- CreditWorks
- Legal name
- CreditWorks Data Solutions Limited
- Website
- https://creditworks.co.nz
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CreditWorks is a New Zealand-owned commercial credit reporting company that operates CRISworks, the country's first real-time trade debtor credit reporting system, serving NZ B2B businesses, individuals, and the construction sector with credit reports, monitoring, PPSR registration, and financial viability ratings.
- Ownership category
- akta.pro rank
CreditWorks industry classification
Industry- Product category
- Commercial Credit Reporting
- NAICS
- Credit Bureaus (561450), Credit Bureaus (56145), Activities Related to Credit Intermediation (5223), Collection Agencies (561440)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Credit Bureaus & Consumer Credit Reporting Agencies (FSAKAKAA)
- akta.pro secondary industries
- Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking) (FSAGAHAC), Credit Score Monitoring & Credit Building (FSAGADAE), Credit Bureau Reporting & Dispute Management Support (FCRA/CRA Ops) (BPAAAEAI)
Keywords
Where CreditWorks is headquartered
LocationHeadquarters
- HQ city
- Auckland
- HQ country
- New Zealand
- HQ region
- Oceania
Offices1 record
Markets served
CreditWorks business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- CRISworks Commercial Credit Reporting: Subscription-based access to CRISworks platform providing commercial trade debtor credit reports, real-time monitoring, and risk scoring. Full Contributing Users (FCU) provide aged debtor data in exchange for access, while Non-Contributing (Express) users pay for reports without contributing data.
- PPSRplus Registrations and Management: Transaction-based revenue from PPSR registrations, renewals, amendments, and discharges via the PPSRplus portal. Competitive pricing positions it as the cheapest option on the market other than direct G2B interface.
- ApplyPlus Credit Application Tool: ApplyPlus charges a lower upfront design and installation fee plus a nominal transaction fee per credit application processed, providing a white-label solution for businesses.
- AlertMe Monitoring and Alerts: Ongoing subscription for customer monitoring and alerts services, providing instant notifications of credit history changes, court judgments, defaults, and company status changes.
- Outsourced Credit Management Services: CreditWorks Solutions provides outsourced business credit management, handling credit documentation, account onboarding, debt recovery, and litigation on behalf of clients, generating professional services revenue.
- MarketWatch Market Share Reporting: Market share and industry benchmarking reports for the New Zealand Building Supplies sector, providing insights into customer spend patterns relative to market potential.
- FINZscore Financial Viability Ratings: Financial viability rating reports for Registered Master Builders, converting financial statements into A-E grades with year-on-year comparisons and industry benchmarking.
- CheckMate Casual Enquiry Credit Reports: One-off, pay-per-report credit checks available to any New Zealander for any New Zealand, Australian, or global company, targeting individuals, small business owners, and consumers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | CRISworks Full Contributing User (FCU) and Non-Contributing (Express) tiers |
Go-to-market motion3 records
Distribution channels6 records
Marketing channels8 records
CreditWorks product offering
Product offeringCore offering
CreditWorks operates New Zealand's first real-time, Internet-based commercial trade debtor credit reporting system (CRISworks) that aggregates positive debtor data from contributing businesses, Companies Office records, court data, and Equifax consumer credit files to generate commercial credit reports, risk scores, and real-time monitoring alerts. The company also provides PPSR registration, white-label online credit applications, market share reporting, financial viability ratings for builders, and outsourced credit management services.
Product overview
CreditWorks offers a portfolio of interconnected credit risk management products and services. The core platform is CRISworks, New Zealand's first real-time commercial trade debtor credit reporting system launched in 1998, which aggregates positive debtor data from contributing companies. PPSRplus provides the Personal Property Securities Register portal for security interest registrations. MarketWatch delivers market share benchmarking for the building supplies sector. ApplyPlus enables white-label online credit applications. AlertMe offers ongoing customer monitoring with real-time alerts. FINZscore provides financial viability ratings (A-E) for builders in partnership with Registered Master Builders. CheckMate serves casual users with one-off credit checks. The portfolio is complemented by international credit reporting services via partnerships with Creditsafe (global) and CreditorWatch (Australia), and consumer credit reporting through Equifax One Score. Outsourced credit management services are also available for businesses wanting full credit function delegation.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 60-day-plus arrears fell to 2.71% (down 3bps MoM and 63bps YoY) and 90-day-plus eased to 1.61% (down 9bps MoM and 58bps YoY) in May 2026, supported by lower overdue balances and growing debt base.
- +2 more outcomes
Companies that use CreditWorks
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
CreditWorks technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration5 records
AI capability3 records
Feature6 records
CreditWorks partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- Inland Revenue (New Zealand)coreCreditWorks became an IRD Approved Credit Reporting Agency in July 2026, working closely with Inland Revenue on data ingestion processes for receiving reportable company tax debt information. This lays the groundwork for richer, more reliable credit insights and a more modern and transparent tax credit reporting framework.
- Registered Master Builders NZcoreCreditWorks developed FINZscore in partnership with Registered Master Builders NZ, exclusively available to Registered Master Builders for assessing their own business financial strength. FINZscore converts builder financial statements into an A-E financial viability rating, benchmarked against industry performance. The partnership was officially launched at Constructive 2025.
- Building Industry Federation of NZ (BIF)minorCreditWorks announced its sponsorship of the Building Industry Federation of NZ in November 2024. This represents a full-circle moment as BIF originally requested the establishment of CreditWorks in 1998 along with pioneering contributing users including PlaceMakers, Bunnings, Carters, ITM, Mitre 10, and Exotic Timber.
- Equifax New ZealandcoreCreditWorks established a long-term partnership with Equifax New Zealand for access to Consumer Credit Reporting, launching 1 June 2023. CreditWorks members gained direct access to Equifax One Score – Equifax's most predictive consumer credit score – designed to predict the risk of an individual becoming 90+ Days Past Due. Equifax has 5 million credit files with an average file age of almost 13 years and a 95% enquiry match rate.
- CreditsafecoreCreditWorks partners with Creditsafe as its Global Credit Reporting business partner to deliver high quality and reliable Commercial Credit Reports on businesses in 157 countries. Reports are downloaded in the same manner as NZ reports, with instant online delivery for most requests and freshly investigated reports for others.
- CreditorWatchcoreCreditWorks partners with CreditorWatch as its Australian Credit Reporting business partner, delivering high quality and reliable Commercial Credit Reports on Australian businesses. Reports are downloaded instantly via the same online access as NZ reports.
- PlaceMakers, Bunnings, Carters, ITM, Mitre 10, Exotic TimbercoreThese six building materials suppliers were the pioneering contributing users who, at the request of the Building Industry Federation, collaborated with founder Ronnie Tan to create CreditWorks in 1998. They provided debtor data to establish the original trade debtor database, setting the foundation for the positive data philosophy that underpins CRISworks.
Scale indicators8 records
Recent moves6 records
Expansion highlights6 records
CreditWorks competitors and assessment
Company assessmentMarket position
Strengths1 record
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
CreditWorks social profiles
Digital presenceCreditWorks compliance and trust
Trust signalCompliance1 record
CreditWorks financial estimates
Financial estimateRevenue estimate
Valuation estimate
CreditWorks leadership team
Management profileNumber of profiles
Profiles3 records
CreditWorks funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CreditWorks 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 CreditWorks
What does CreditWorks do?
CreditWorks operates New Zealand's first real-time, Internet-based commercial trade debtor credit reporting system (CRISworks) that aggregates positive debtor data from contributing businesses, Companies Office records, court data, and Equifax consumer credit files to generate commercial credit reports, risk scores, and real-time monitoring alerts. The company also provides PPSR registration, white-label online credit applications, market share reporting, financial viability ratings for builders, and outsourced credit management services.
Is CreditWorks a public or private company?
CreditWorks is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CreditWorks founded?
CreditWorks was founded in 1998. It employs 11 to 50 people.
Where is CreditWorks based?
CreditWorks is headquartered in Auckland, New Zealand, in the Oceania region.
How does CreditWorks make money?
Eight revenue lines are on record. CRISworks Commercial Credit Reporting is the primary driver. The others are PPSRplus Registrations and Management, applyPlus Credit Application Tool, alertMe Monitoring and Alerts, outsourced Credit Management Services, marketWatch Market Share Reporting, FINZscore Financial Viability Ratings and checkMate Casual Enquiry Credit Reports.
Does CreditWorks have an API?
No public API is recorded for CreditWorks.
What industry is CreditWorks in?
CreditWorks's product category is Commercial Credit Reporting. Its primary akta.pro industry code is FSAKAKAA, Credit Bureaus & Consumer Credit Reporting Agencies, with a secondary code of FSAGAHAC, Alternative Data & Credit Scoring (Cashflow, Telco, Utility, Open Banking). Its NAICS code is 561450 and its SIC code is 7320.