Prytek invests in Israeli fintech CRiskCo
Technology group Prytek added credit capabilities to its Karbon integration platform by investing in CRiskCo through its venture capital arm
Prytek serves leading banks providing technology, managed services and Business Operating Platform-as-a-Service (BOPaaS) through its subsidiary Delta Capita. As part of its strategy, Delta Capita offers customer life cycle management to banks (CLMs) using its proprietary Karbon technology.
Karbon is an end-to-end intelligent CLM platform that provides data sourcing, data integration, workflow, rules engine and filtering. The platform leverages AI and ML to improve and streamline the KYC process.
“CRiskCo will be an additional feature in our system, providing real-time scoring on SMEs,” says Gary McClure, CLM business manager at Delta Capita.
Israeli startup CRiskCo, founded in 2015 by CEO Erez Saf, has developed a platform that makes loan application processes digitally accessible. Right from the data collection stage, CRiskCo enables a single API to control a wide range of accounting systems, including ML-based underwriting and predictive analytics. This structure helps both parties: the borrower manages the credit responsibly, while the lender receives a tool to predict the risk of insolvency of the SME.
CRiskCo offers two solutions: for borrowers and lenders. CRiskCO Direct allows business owners to apply for a loan and connects them through smart systems with the right lenders and the right financial products for their business. CRiskCo Approve is the company’s flagship product, which targets banks and other financial institutions. It offers a white label solution for collecting financial information, processing it for underwriting at maximum speed and with the greatest convenience for the user.
Saf said: “The partnership with Prytek will allow us to expand our services offered to our existing customers in Mexico, the United States and Australia. Prytek opens up huge opportunities for us and demonstrates the confidence that the leading companies in the industry are built on ”.
Prytek invests in and builds technology (with a portfolio of 30 technology companies to date), which it brings to market through its own managed services divisions. Prytek’s service divisions use innovative technological solutions to create competitive advantages and achieve significant operational efficiency. Prytek focuses on several sectors, including financial services and fintech (through its UK subsidiary Delta Capita); cybersecurity and technology training in the United States; HR-Tech and the cybersecurity sectors. The current funding round was led by Prytek HVAC Arm Technology, which is researching technologies to create white label products and OEM solutions for Prytek’s service divisions. Prytek’s HVAC investments include, among others: EZBOB, Scanovate, CallVU, BlackSwan Technologies, Open legacy and TipRanks.
Prytek is led and managed by Andrey Yashunsky, an entrepreneur with extensive experience in overseas investing, and Arnon Shiboleth, former senior executive at Apax Partners, and chairman Yair Seroussi.
Posted by Globes, Israel business news – fr.globes.co.il – April 4, 2021
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