Rating for SMEs: Professor Altman chooses modefinance
modefinance and Wiserfunding developed together the first Fintech rating for european SMEs
We are delighted to announce a new partnership with the London-based startup Wiserfunding founded by Professor Edward Altman.
The combination of Wiserfunding’s and modefinance’s technology will provide a high quality, independent and accurate Credit Rating, specific for European SMEs.
The new SME credit rating will enable small firms to demonstrate their creditworthiness to potential investors and lenders, helping to secure the funding they deserve.
In times when financial inclusion is the main focus of several regulators in Europe, the new SME-specific credit rating will bring much needed transparency to SME lending. By ensuring that funding is allocated to the best SMEs, credit bubbles and defaults can be reduced, ensuring stronger economies across Europe.
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