Algosave

Company Overview

Snapshot

Founded in July 2015 by David Botbol, Algosave operated with 1–10 employees. The company secured funding across one round from one investor, Techstars Accelerator. In March 2019, Algosave ceased operations.

Business overview

Algosave provides accounting and regulatory requirement solutions for financial institutions, specializing in simulation-based, point-in-time IFRS-9 lifetime-probability-weighted expected credit losses (ECL) in accordance with stringent IFRS Standards. The company delivers data on lending and investment portfolios to banks and insurance companies, helping them address issues related to credit risk modeling. Algosave operates within the Business Software sector, leveraging artificial intelligence to serve financial services, particularly banks and insurance companies, with a focus on regulation and accounting.

Company Intelligence Q&A

What is Algosave's primary focus?

Algosave focuses on providing accounting and regulatory requirement solutions for financial institutions, specifically addressing IFRS-9 lifetime-probability-weighted expected credit losses (ECL) through simulation-based models.

When was Algosave founded and by whom?

Algosave was founded in July 2015 by David Botbol.

What was the company's operational status?

Algosave ceased to operate in March 2019.

What industries does Algosave serve?

Algosave serves the financial services industry, including banks and insurance companies, by providing solutions for credit risk modeling and regulatory compliance.