More Confidence for Investors with the Most Accurate Risk Assessment Tool
Wiserfunding's expertise will be used in developing Crowdz proprietary SMARTSCORE, delivering the market's most accurate risk assessment, as more SMEs seek financing.
FREMONT, CA: Invoice financing marketplace Crowdz, announces partnership with leading business credit score provider, Wiserfunding, to offer its investors with a new element to its credit risk assessment features, as global economies undertake recovery efforts in the wake of COVID-19.
By joining forces, Crowdz and Wiserfunding will develop SMARTSCORE, which uses state-of-the-art AI intelligence to come up with the assessment for investors on the risk of each SMB, which allows funders, banks, and enterprises to track the risk of buying receivables and monitoring real-time risk in supply chains.
SMARTSCORE will address the unique requirements of tracking buyers and sellers in the global supply chain. As important trends kicking off in Europe, but expanding globally, to track the performance of companies around ESG (Environmental, Social, and Governance) and be able to make the investment, purchasing, and sourcing decisions based on this information is vital. The Crowdz SMARTSCORE provides a real-time assessment of the probability of default, payment, and soon, probability of supply, and ESG reputational risk.
Since the start of the COVID-19, Crowdz has experienced a 5000 percent increase in business users internationally. Collaborating with Wiserfunding is expected to accelerate this figure significantly by improving the comprehensiveness of our SMARTSCORE. As an addition to Crowdz SMARTSCORE, the introduction of Wiserfunding will assist investors in funding the Crowdz SME community to better allocate funds, and support SMEs that are hit by COVID-19, get back on their feet. By increasing the capacity to fund more SMEs, this partnership makes the market more efficient, reduces the risk of an SME credit bubble, and will assist in rebuilding the economy.