- AppsVillage (APV) has signed an agreement with Credit Risk Community (also known as C Risk Co) to drive micro-finance revenue growth
- C Risk Co’s credit risk analysis technology will be integrated into the AppsVillage Capital platform
- This will allow for advanced customer risk analysis, reduce underwriting time and cost, detect fraud and predict future credit failures
- It’s also expected to drive higher success in micro-finance funding and increases revenue
- Shares in AppsVillage are unchanged and are trading for 24 cents each
AppsVillage (APV) has signed an agreement with Credit Risk Community to integrate its credit risk analysis technology into the AppsVillage Capital platform.
Credit Risk Community, or CRiskCo, is a leading business-to-business credit risk analytics company and its integration represents a big step towards AppsVillage delivering on its growth strategy.
“AppsVillage intends to become a high-quality international fintech player for SMB financing and we will spare no effort in assuring a responsible governance of our business,” Founder and CEO Max Bluvband said.
The integration will allow the company to use accounting data analytics and artificial intelligence (AI) to give advanced customer risk analysis, reduce underwriting time and cost, detect fraud and predict future credit failures. This will ensure real-time information when approving applications for funding.
AppsVillage will combine CRiskCo into the micro-finance application section of its platform, allowing it to provide credit analysis on loan applications from its current database and new and small-to-medium businesses (SMBs).
This is anticipated to drive a higher rate of success in micro-finance funding and maximises the company’s revenue generating potential from SMB customers.
“As our Fintech revenues will grow, we have to make sure we provide the highest rate of finance returns with minimal defaults on bad-debt,” Max added.
Shares in AppsVillage are unchanged and are trading for 24 cents each at 3:11 pm AEDT.