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Factris: Receives EU funding for AI-based SME risk-management system

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Factris: Receives EU funding for AI-based SME risk-management system

  • Factris has received EU funding to create a risk-management system with AI to solve financing problems for SMEs
  • The fintech company Factris just received a grant of 1,4MM from the EU to fund the development of an automated risk-management
  • This new system will also solve an enormous problem that affects small businesses across Europe
  • When a business factors their unpaid invoice, they sell it to a factoring company
  • Factris will develop a risk-management platform that uses the power of AI to evaluate risk automatically an industry first
  • Factris is already a proven financial leader through technological innovations, such as their Finance Automation for Business platform

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