Wiserfunding

Overview

Wiserfunding scores small and medium enterprises, and its distinguishing asset is provenance rather than technology. The company was co founded in 2016 by Professor Edward Altman, who created the Z Score bankruptcy prediction model in 1968, together with Dr Gabriele Sabato, and the product is the direct descendant of that work: an SME Z Score adapted from the original for smaller companies, expressed alongside a bond rating equivalent so that assessments are comparable across industries and markets, a twelve month probability of default, loss given default, debt capacity and a suggested commercial credit limit. The adaptation is published rather than proprietary in the usual sense. Papers by the founders and their academic collaborators on SME credit scoring, on modifying the Z Score for smaller firms and on low default portfolios sit in the peer reviewed literature, which means the methodology behind the score can be read and criticized by anyone rather than taken on trust. Inputs run wider than accounts. The platform analyses more than 100 financial metrics alongside non financial and macroeconomic signals drawn from public, private and unstructured datasets across more than 45 countries, with the non financial assessment covering intangibles the company names as corporate governance, management capacity and macroeconomic outlook. Machine learning is described as woven into the platform to keep the models current rather than as the basis of the score itself. Beyond scoring, the platform handles portfolio work: screening, underwriting, monitoring with proactive warning indicators and customizable alerts, peer comparison, and a portfolio wide view of score distribution overlaid with exposure to show expected loss. Bespoke risk modeling is offered, and one customer describes tailored loss given default models built to satisfy a United Kingdom regulatory requirement. Customers are described by type rather than name, spanning neobanks, asset managers, embedded lenders and invoice financing marketplaces. Headquartered in London with incorporation in the United Kingdom and Italy, roughly 20 staff, and 3 million pounds raised from BGF.

Details

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