CRiskCo
Credit Risk Assessment and Application Processing for Businesses
Company Overview
Snapshot
Founded in January 2015 by Erez Saf, CRiskCo operates with 1–10 employees and has raised $495K across three funding rounds from five investors. In April 2021, the company received an investment from Prytek Ventures.
Business overview
CRiskCo is an international financial technology company focused on empowering business owners and lenders through enhanced credit facilities. Its core technology leverages open accounting principles, providing a single API to integrate with various accounting systems and public data repositories. This approach standardizes and analyzes financial data, offering visibility into business books and utilizing machine learning to identify financial risk. CRiskCo serves the Fintech & Insurtech sector, specifically within Lending & Financing, and targets SMBs & SMEs in markets including the United States, Israel, Mexico, and Australia.
Strategic signal
In January 2020, CRiskCo secured a deal with AppsVillage (ASX:APV) for microfinance revenue growth. This partnership signals CRiskCo's strategic expansion into the microfinance sector, demonstrating its platform's adaptability and potential to drive revenue for partners by enhancing credit risk assessment capabilities for smaller financial transactions.
Company Intelligence Q&A
- What is CRiskCo's primary offering?
- CRiskCo provides a solution based on open accounting, integrating with accounting systems and public data repositories via a single API to standardize and analyze data, provide visibility into business books, and use machine learning to identify financial risk.
- When was CRiskCo founded and by whom?
- CRiskCo was founded in January 2015 by Co-founder & CEO Erez Saf.
- Did CRiskCo secure any government agreements?
- In March 2018, CRiskCo signed an agreement with the Queensland Government.
- What significant partnership did CRiskCo announce in 2017?
- In June 2017, Euler Hermes Digital Agency announced a partnership with CRiskCo to enhance their digital offerings and credit risk assessment capabilities.