SCHUFA was founded in 1927 and is the leading information and service partner for the credit-granting industry in Germany. By providing credit relevant information, the company helps its customers, including banks, savings banks and retailers, make decisions on the granting of credit. For consumers, modern shopping thus becomes simple, quick and unbureaucratic.
In 2009, SCHUFA achieved sales of approximately € 98 million and had 800 employees. The group of SCHUFA Holding AG shareholders is made up of strong and dynamic partners from banks, savings and loan associations as well as retailers.
Creditinfo Group was established in March 2003 by the shareholders of Lanstraust hf., to unite the rapidly growing subsidiaries and partnerships that had been established in 2002 by Lanstraust hf. The new company became the holding company as well as the centre for know-how and service to subsidaries and customers. Since 1997, Creditinfo Group has been among the fastest growing companies in its industry. Between 1998 and 2007 the average growth rate exceeded 50 % annually. In the time period between 2003 and 2009, the company offered diversified services in the area of credit risk management with information provision as the core of services including tools for decision making, models and software. Main markets were Central- and Eastern Europe. All of Creditinfo Group core services comply with European Union Directive (95/46/EC) on the handling and transmitting of personal information.
In the beginning of 2009 Creditinfo Group hf and SCHUFA Holdings AG signed an historic Joint Venture agreement, resulting in the formation of a new holding company, Creditinfo SCHUFA GmbH, registered in Wiesbaden, Germany. As from that time, Creditinfo Group exclusively acts as a holding company where its primary assets are sheres in two subsidiaries, Creditinfo SCHUFA GmbH and Creditinfo Lánstraust hf.