Wiserfunding partners with Gardant to power market standard for SME risk assessment

By Joy Dumasia

Gardant, a market leader in Italy in the credit management sector both as servicer and as an investor, with over EUR 40 billion (GBV) under management and a primary focus on SMEs and corporates, has signed a cooperation agreement with Wiserfunding, a leading provider of credit risk assessment for lenders, with a mission to become the market standard for SME and corporate risk assessment. This initiative is part of Gardant’s continuing development of its proprietary UTP management platform.

Gardant, a pioneer in the UTP credit management field, where it has been active as a service and as an investor since 2016, aims at offering a best-in-class product to investors and banks as a partner in the management of an orderly exit from the pandemic emergency, maximising at the same time reperforming scenarios for the companies involved.

Mirko Briozzo, CEO of Gardant, commented: “I am very pleased with this agreement with Wiserfunding, a partner with whom we have been talking for months. This enriches our ecosystem of credit management tools, supporting our focus on a cutting-edge and easily scalable UTP management platform. We are already an active all-around operator on UTP loans since we manage on our systems everything from residential mortgages to medium-large corporate positions, and we want to continue to invest in order to better consolidate our positioning.”

Gabriele Sabato, CEO of Wiserfunding, said: “Access to capital is key to ensuring a robust economic recovery, whilst high levels of business debt and operating uncertainty requires financial institutions to have a clear and accurate view of risk. This is why our relationship with Gardant comes at such a critical time to help support those most in need. Wiserfunding’s proprietary risk assessment platform uses AI to provide accurate, reliable and unbiased credit risk assessment, which is up to 30% more accurate than competitors, to ascertain the credit quality of opportunities for the lender that ultimately support businesses to grow.”

IBS Intelligence reported that London-based Wiserfunding, a provider of credit risk assessment for SME lenders, announced a strategic partnership with CrediLinq.Ai, a Singapore-based, fully integrated AI credit platform, disrupting SME credit underwriting in Southeast Asia.