Wiserfunding: Announced its entry into India
- Announced its entry into India, launching its AI backed cloud-based credit risk assessment tool targeted for small and medium enterprises (SMEs)
- Wiserfunding arrives at a time when SMEs across India are struggling due to the COVID-19 impact
- The London headquartered fintech aims to invest USD 3 – 5 million over the next three years to tailor credit risk models specifically towards Indian SMEs
- The investment will also be towards creating technology to connect to various public
- The company plans to partner with 3 – 4 banks and 8 – 10 NBFCs in India
- The new SME Z-score by Wiserfunding uses AI to provide accurate, reliable
