Crowdz partners with Wiserfunding

Monday 17 August 2020 11:00 CET | News

Barclays-backed invoice finance startup Crowdz has partnered with business credit score provider Wiserfunding to predict SME default rates more accurately. 

According to Peer-to-Peer Finance News, Wiserfunding’s AI solution delivers up to 95% of default prediction accuracy for Crowdz’ receivable financing investors. Therefore, Crowdz will use the tool as part of its proprietary credit assessment model, Smartscore, which assesses the probability of default, payment and soon also the probability of supply, environmental, social and governance, and reputational risk.

The product is made for SMEs with revenue between USD 654.300 and USD 261 million.

More: Link

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Crowdz, partnership, Wiserfunding, SME, invoice, startup, AI, artificial intelligence, payments
Categories: Banking & Fintech
Countries: United Kingdom
This article is part of category

Banking & Fintech

Industry Events