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London’S Wiserfunding Secures £3M To Disrupt The Sme Credit Risk Space

Sep 22, 2021•about 4 years ago

Amount Raised

£3 Million

Round Type

seed

London

Description

Wiserfunding, a London-based fintech company specialised in assessing the credit risk of SMEs, has secured £3 million investment from BGF, the UK and Ireland’s most active growth capital investor.

Company Information

Company

Wiserfunding

Location

London, Ontario, Canada

About

The company will use the funding to accelerate international expansion and strengthen its global position. Its unique methodology has proven to be up to 30% more accurate than competitors, claims the company. Wiserfunding will use part of the investment to create new products for the supply chain and procurement world as well as adding new unique features for financial institutions. Founded by Dr. Edward Altman and Dr. Gabriele Sabato, Wiserfunding is on a mission to disrupt the SME credit risk space. Notably, Wiserfunding is one of the UK’s few profitable fintechs. James Austin at BGF said: “Wiserfunding is a really exciting business, with a clear path to providing SMEs with greater access to finance.