CredShare
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
CredShare was a Perth, Australia-based regtech startup founded in 2015 by CEO Andrew McMillan with CTO Oscar Omegna, building a credentials management platform for businesses and individuals. The app gave full control of credentials to the businesses and individuals holding them by creating a seamless, secure flow of credential data - distilling key information from credentials and confirming or denying accuracy anytime it was requested, instead of sharing or storing sensitive credential copies. The platform enabled the secure exchange of credential data between issuers (governments, banks, universities), institutions and employers, and individuals (employees, customers), helping organisations meet compliance obligations faster and safer while giving people better access to employment, travel, finance, and insurance. Privacy and security were central: CredShare was certified for ISO27001. The company raised circa $2.7 million from high-net-worth investors including Touch Ventures and Ellerston Capital, capitalising the startup at $14 million, and served a number of Australian businesses on a subscription model.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Founded
Andrew McMillan founded CredShare in Perth, Western Australia, to build a secure credentials management platform.
- $2.7M raise; $14M valuation
CredShare raised circa $2.7 million from investors including Touch Ventures and Ellerston Capital, capitalising the startup at $14 million; it achieved ISO27001 certification.
- March release; no failure record
The company prepared a March 2023 general release of its next-generation platform; no public record of a shutdown, bankruptcy, or acquisition was found.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Founded in 2015 in Perth by CEO Andrew McMillan; raised about $2.7 million in 2022 at a $14 million valuation and earned ISO27001 certification.
- 02
Launched a new-generation platform in March 2023; no public record of a closure, bankruptcy or acquisition could be found.
- 03
No audited loss figure was publicly disclosed.