Credit risk

Wiserfunding, CrediLink.Ai, partner on the credit risk platform for Asian SMEs

Wiserfunding, a UK credit risk assessment provider for SME lenders, has partnered with CrediLinq.Ai, a Singapore-based AI credit platform. According to a company statement, the partnership will aim to provide automated, rapid and credit risk assessment to SMEs in Southeast Asia.

Companies cite an EY report on the Southeast Asian SME market that they need financing to support the adoption of digital technologies to improve productivity and improve products and services that they offer. The majority of businesses surveyed (68%) say they would be open to non-traditional lenders, with the main draw being the much faster loan approval process.

CrediLinq.Ai should support the development of country specific models in collaboration with Wiserfunding.

Dr Gabriele Sabato and Professor Emeritus Edward Altman, creator of the Altman Z-score, founded Wiserfunding with the mission of improving the SME credit risk space and becoming the market standard for SME risk assessment. Wiserfunding currently serves more than 60 clients on three continents.

Deep singh founded CrediLinq.Ai earlier this year in response to the pandemic. The company’s mission is to disrupt lending in Asia by creating more accessible digital access to growth capital.

Sabato said there is a huge growth opportunity with emerging economies creating new businesses that have internationally recognized brands.

“The growing challenges of economic development coupled with the economic challenges of the pandemic have left small businesses without the same access to credit as their peers in advanced economies. Our partnership with CrediLinq.Ai will provide access to underserved SMEs across the region, championing financial inclusion through accurate, timely and fair credit decisions that boost the entire economy, not just businesses. at the top.

Steven nocka, Chief Risk Officer and Co-Founder of CrediLinq.Ai said he was proud to partner with Wiserfunding to create and implement credit risk models tailored to the SME segment in South East Asia.

“Across the region, SMEs represent over 95% of all businesses and are historically and currently underserved by banks and other providers of capital. The key is to understand these companies and their needs, and to identify the data sources that allow us to cover their risks accurately and efficiently. The partnership with Wiserfunding allows us to accelerate this work and provide the much-needed financing quickly and on much better terms than those currently available in Asia.

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