Envisso provides payment companies with automated merchant risk scoring and monitoring solutions. The platform integrates credit insurance to protect against merchant default, eliminating the need for collateral negotiations. This enables faster merchant onboarding and allows payment providers to convert risk management into a profit driver.
Funding
Funding not disclosed
Founders
Product
Problem
Payment companies face challenges in accurately assessing merchant risk, often relying on manual processes and assumptions. This can lead to ineffective risk protection, forcing payment providers to take collateral from merchants, which ties up valuable working capital. Slow merchant onboarding processes further exacerbate these issues, delaying merchants' ability to start making sales.
Solution
Envisso offers an automated merchant risk assessment platform and embedded credit insurance to enable payment companies to onboard higher-risk merchants without requiring collateral. The platform automates credit and compliance risk scoring for both onboarding and ongoing monitoring, replacing manual assessments with data-driven insights. By embedding credit insurance with transactions, Envisso protects payment companies against merchant default, eliminating the need for collateral. This approach allows merchants to retain working capital and experience frictionless onboarding, while providing payment companies with better risk protection and reduced fraud exposure.
Target Audience
Envisso primarily targets payment companies seeking to automate merchant risk assessments, reduce reliance on collateral, and onboard merchants more efficiently, as well as merchants seeking to retain working capital and accelerate onboarding.
Features
- Automated merchant credit and compliance risk scoring for onboarding and ongoing monitoring.
- Embedded credit insurance that protects payment companies against merchant default.
- Data-driven risk assessments that rely on data instead of assumptions.
- Zero collateral negotiations, enabling payment providers to onboard higher-risk merchants without collateral.
- Dashboard for visualizing risk metrics and managing merchant portfolios.