Wiserfunding partners with European rating agency modefinance

Monday 22 July 2019 11:57 CET | News

European ratings agency, modefinance and UK-based SME credit risk assessment platform, Wiserfunding, have launched a certified credit rating service for SMEs.

The service means that SMEs can, for the first time, receive a specific credit rating that traditionally only larger, public corporates have been able to rely on to demonstrate their value and creditworthiness.

The new SME credit rating will enable small companies to demonstrate their creditworthiness to potential investors and lenders, helping to secure the funding they deserve.

The service will bring transparency to SME lending, in times when financial inclusion is the focus of several regulators in Europe. By ensuring that funding is allocated to the best SMEs, credit bubbles and defaults can be reduced, ensuring stronger economies across Europe.

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Keywords: digital, lending, modefinance, Wiserfunding, SMEs
Countries: World