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.
How will the funding be used?
The company will use the funding to accelerate international expansion and strengthen its global position.
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.
Disrupting SMEs credit risk space
Founded by Dr. Edward Altman and Dr. Gabriele Sabato, Wiserfunding is on a mission to disrupt the SME credit risk space.
The company’s proprietary risk assessment platform uses AI to provide an accurate, reliable, and unbiased credit risk assessment to ascertain the credit quality of SMEs and private firms.
Its unique methodology has proven to be up to 30% more accurate than competitors, claims the company.
The platform makes use of financial history as well as publicly available structured and unstructured data including corporate governance, management experience, and macroeconomic indicators.
The suite of models is uniquely tailored to SMEs, providing geographical and sectoral segmentation to maximise prediction power.
Helped 30,000 SMEs
In the last 12 months, Wiserfunding’s clients helped over 30,000 SMEs accessing almost £3 billion in funding. The company currently serves more than 60 customers across three continents, a mix of bank and non-bank lenders, insurance firms, payment providers, and asset managers.
Customers include — Revolut Business, Bank North, Assetz Capital, ArchOver, and Fasanara Capital. Notably, Wiserfunding is one of the UK’s few profitable fintechs.
Jason Snelling, Business Credit Manager at Revolut Business said: “At Revolut Business, we are using the Wiserfunding Rating Model to support the risk assessment of our business customers exposing us to credit risk. We also plan to deploy this solution into our underwriting process to expedite decisions in the future. The team has been supportive of our needs and constantly worked to ensure the right solution for our global super app.”
Gabriele Sabato, CEO of, Wiserfunding said: “Access to capital is key to ensuring a post-pandemic recovery for SMEs globally, whilst the current economic landscape means that the financial industry needs a clear and accurate view of risk. This investment, alongside BGF’s expertise, will provide strategic support as we expand globally and will enable us to support the recovery of SMEs crying out for on-demand finance. With revenues having grown eight-fold in the space of just two years, we are closer than ever to achieving our mission to become the market standard for SME risk assessment.”
James Austin at BGF said: “Wiserfunding is a really exciting business, with a clear path to providing SMEs with greater access to finance. The credentials of the team and the quality of the outputs are second to none. As a result of BGF’s funding, we will be able to fast track the ongoing commercial roll-out and continue with the development plan which will keep adding depth and breadth to the product. This investment also represents a great addition to BGF’s growing fintech portfolio, which we hope to expand significantly in the near future. UK fintech should be the envy of any global market and Wiserfunding is a great example of this.”
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