The startup develops financial risk management software that utilizes secure algorithms to analyze internal and external data for informed decision-making. Its platform enables B2B companies to predict bankruptcies and reduce financial losses by automating manual processes.
Funding
$7.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
B2B companies face challenges in accurately assessing the creditworthiness of their customers, leading to potential financial losses from bankruptcies and delayed payments. Traditional credit risk management processes are often manual, time-consuming, and lack real-time insights into customer risk profiles. This makes it difficult to make informed decisions about credit terms and proactively mitigate financial risks.
Solution
Risika provides a comprehensive credit risk management platform that automates B2B credit processes and delivers intelligent risk insights. The platform leverages advanced algorithms and machine learning to analyze internal and external data, providing businesses with understandable credit ratings and recommendations for over 20 million Nordic companies. Risika enables businesses to monitor their customer portfolios, receive real-time updates on changes in risk profiles, and customize credit policies to shield themselves from bad payers. By integrating with ERP and CRM systems, Risika streamlines credit decisions, reduces manual effort, and helps businesses make data-driven decisions to avoid risk and improve financial performance.
Target Audience
Risika primarily targets finance, sales, and operations teams within B2B companies in the Nordic region that need to automate credit risk management, gain real-time insights into customer creditworthiness, and reduce financial losses.
Features
- Automated credit risk assessment with easy-to-understand credit ratings from 1-10
- Real-time monitoring of customer risk profiles with daily notifications of changes
- Customizable credit policy to automatically reject non-compliant companies
- Integration with ERP and CRM systems via API for seamless data flow
- Risk Insights module for a comprehensive overview of portfolio risk and compliance
- Credit Automator to automate credit policy decisions and manual reviews
- Lead generation tools to identify profitable customers based on specific criteria
- Access to credit reports and financial data on over 20 million Nordic companies