Credicorp does not sell your data. We share it only where there is a specific, legitimate reason to do so. Below is a transparent account of who may receive your company's data and why.
Credit reference and fraud-prevention agencies
We may search and report to commercial credit reference agencies as part of our underwriting process. This helps us assess creditworthiness and contributes to industry-wide fraud prevention. The agencies we work with hold their own privacy notices explaining how they use that data.
Funding and capital partners
Where your facility is funded in part by an institutional partner or where we assign or participate a loan for capital purposes, that partner may receive your application and account data under a confidentiality agreement. This does not affect the terms of your facility or how we service it.
Regulated service providers
- Identity verification providers — to confirm director identities and satisfy KYB requirements
- Open Banking providers — to retrieve transaction data with your consent
- Cloud infrastructure and data-processing suppliers — who process data on our behalf under strict data-processing agreements
- Legal and professional advisers — where necessary to manage a facility or pursue a debt
Regulators and law enforcement
We may be required by law to share data with HMRC, the FCA, the NCA, or law enforcement agencies. We do not notify you of such disclosures where doing so would be unlawful or would tip off a subject of investigation.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: What data Credicorp collects from your business, Is my business data secure with Credicorp.