#LendTech / Irish fintech CreditLogic raises €2.4m in seed funding

… CreditLogic produces software to automate application processing in the lending phase. The firm claims to be able to cut usual processing times in half.

[Co-founder:] “At the heart of our platform is task automation and analytics to automate antiquated processes.” CreditLogic says the new platform enables businesses and consumers to collaborate on loan applications in real-time.

The firm is also planning a European expansion… A new funding round is in the works for that purpose.