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

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

09/22/21, 9:28 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svglondon
Money raised
£3 million
Round Type
seed
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 Info

Company
Wiserfunding
Location
london, ontario, canada
Additional Info
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.
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