Wiserfunding secures £3m Series A funding from BGF to scale international operations.
BGF led the Series A round to support Wiserfunding in expanding globally and developing new product lines.
Wiserfunding provides credit risk assessment technology for SME lenders using proprietary analytics. The profitable London-based firm serves diverse financial institutions globally.
London-based Wiserfunding has secured £3m in Series A funding from BGF to accelerate its international expansion and product development. The company provides credit risk assessment models tailored for SME lenders and has experienced significant customer growth over the past two years.
The capital injection will allow the firm to build new products targeting the supply chain and procurement sectors while enhancing its platform for financial institutions. BGF led the investment round, with James Austin joining the board as a director.
From the founder
"Access to capital is key to ensuring a post-pandemic recovery for SMEs globally, whilst the current economic landscape means that the financial industry needs a clear and accurate view of risk. This investment, alongside BGF’s expertise, will provide strategic support as we expand globally and will enable us to support the recovery of SMEs crying out for on-demand finance. With revenues having grown eight-fold in the space of just two years, we are closer than ever to achieving our mission to become the market standard for SME risk assessment."
Gabriele Sabato
CEO at Wiserfunding
Investor perspective
"Wiserfunding is a really exciting business, with a clear path to providing SMEs with greater access to finance. The credentials of the team and the quality of the outputs are second to none. As a result of BGF’s funding, we will be able to fast track the ongoing commercial roll-out and continue with the development plan which will keep adding depth and breadth to the product. This investment also represents a great addition into BGF’s growing fintech portfolio, which we hope to expand significantly in the near future. UK fintechs should be the envy of any global market and Wiserfunding is a great example of this."
James Austin
Director, BGF
Use of funds
- 01Expand into international markets
- 02Continue product development
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About the company
Wiserfunding
Wiserfunding provides credit risk assessment technology for SME lenders.