Creditinfo Group has acquired full ownership of Latvian credit bureau, KIB Latvia
Move reinforces Creditinfo Group’s long-term investment in financial inclusion and market growth in Latvia.
London, 21st April 2026 — Creditinfo Group, a global leader in credit information and data-driven solutions, today announced that it has completed acquisition of full ownership of KIB Latvia (AS “Kredīt Informācijas Birojs”), following 13 years of successful partnership. The acquisition has increased Creditinfo Group’s stake from 51% to 100%.
This milestone strengthens Creditinfo Group’s strategic presence in Latvia and the wider Baltic region, enabling full operational control of the credit bureau and greater alignment with the company’s long-term regional growth objectives.
With full ownership of the Latvian credit bureau, Creditinfo Group will accelerate investment in the local market, driving the development of more advanced data solutions and expanding the scope of services available to financial institutions, businesses and consumers.
The investments will support the evolution of Latvia’s credit ecosystem, facilitating more robust data sharing, improved risk management capabilities, and the continued promotion of responsible lending practices across the market. As part of this, Creditinfo Group will introduce enhanced analytics, expanding digital capabilities, and new product offerings, including expansion into Business Information services, Fraud and Identity solutions, and a new generation of consumer-focused products designed to improve financial inclusion, transparency, and access to credit.
“This acquisition reflects our long-term commitment to Latvia and our confidence in the market’s continued growth,” said Satty Saha, Group CEO at Creditinfo Group. “With experience across 30 regions worldwide and strong innovation capabilities, we are well-positioned to deliver greater value to Latvia’s financial services ecosystem and support better-informed decision-making for businesses and consumers alike.”
Elari Tammenurm, Regional Director, Continental Europe at Creditinfo Group said: “We would like to extend our sincere thanks to our fellow shareholders — Swedbank, SEB, Citadele, and Luminor — for their constructive collaboration throughout the process. We also greatly appreciate the support of our advisors at COBALT in Estonia and Latvia. We’re excited about the future and expanding access to finance in the region.”
Over the next few years, Creditinfo Group will continue to invest in technology, talent, and partnerships in Latvia, ensuring the credit bureau remains at the forefront of innovation while contributing to the stability and growth of the financial sector.
-END-
About Creditinfo Group
Established in 1997 and headquartered in London, UK, Creditinfo is a provider of credit information and risk management solutions worldwide. As one of the fastest-growing companies in its field, Creditinfo facilitates access to finance, through intelligent information, software and decision analytics solutions.
With more than 30 credit bureaus running today, Creditinfo has the most considerable global presence in this field of credit risk management, with a significantly greater footprint than competitors. For decades it has provided business information, risk management and credit bureau solutions to some of the largest lenders, governments and central banks globally to increase financial inclusion and generate economic growth by allowing credit access for SMEs and individuals.
For more information, please visit www.creditinfo.com
Creditinfo appoints TransUnion veteran as new Global Chief Commercial Officer
Seasoned commercial leader, John Cannon, looks to use wealth of financial and executive leadership experience in new role to unlock new value for customers and drive Creditinfo’s international growth
London – 18 April 2024: Creditinfo, a global service provider for credit information and risk management solutions, has today announced the appointment of John Cannon as its Global Chief Commercial Officer (CCO). With over 25 years of experience in finance and credit bureaus, John will spearhead the strategy and execution behind Creditinfo’s solutions and products for all 30 of its credit bureaus, which are spread across 50 different countries.
John brings almost three decades of experience in leading top-performing teams, delivering pioneering solutions, and galvanising high-value market leading companies within the global financial community. A reputable industry expert, John led Transunion’s GFS business for international regions and has spent the last couple of years as an advisor to Private Equity firms in addition to helping scale early stage technology companies, most recently Xapien.
As CCO of Creditinfo, John will draw on his extensive sector knowledge and experience to leverage Creditinfo’s technology and data to push innovation forward and ensure it meets customer expectations and needs. He will play a key part in promoting financial inclusion globally and in doing so bolster Creditinfo’s international growth. In his new role, John will also be responsible for delivering the right products and services to Creditinfo’s customers to maximise value, as well as identifying new business opportunities.
John Cannon, newly appointed Global Chief Commercial Officer at Creditinfo said: “I’m delighted to join Creditinfo, a company that is committed to enriching people’s lives through unlocking access to financial inclusion. This, and its international culture, is what drew me to the company. I look forward to working with the remarkable Creditinfo team to support the next phase of its growth journey.”
Satrajit Saha, Global CEO at Creditinfo said: “With firm roots in the global financial industry and a strong track record as a senior executive leader, John is an excellent addition to our senior leadership team. As we look to expand our global footprint and facilitate access to finance for millions of consumers and businesses worldwide, having John on board is a huge advantage, not only for our own innovation and growth but also for our customers as they turn to us to provide worldclass and transformative solutions and products.”
John will report directly to Satrajit Saha, Creditinfo’s Global CEO.
-END-
About Creditinfo
Established in 1997 and headquartered in London, UK, Creditinfo is a provider of credit information and risk management solutions worldwide. As one of the fastest-growing companies in its field, Creditinfo facilitates access to finance, through intelligent information, software and decision analytics solutions.
With more than 30 credit bureaus running today, Creditinfo has the most considerable global presence in this field of credit risk management, with a significantly greater footprint than competitors. For decades it has provided business information, risk management and credit bureau solutions to some of the largest, lenders, governments and central banks globally to increase financial inclusion and generate economic growth by allowing credit access for SMEs and individuals.
For more information, please visit www.creditinfo.com
