Factris: Receives EU funding for AI-based SME risk-management system
- Factris has received EU funding to create a risk-management system with AI to solve financing problems for SMEs
- The fintech company Factris just received a grant of 1,4MM from the EU to fund the development of an automated risk-management
- This new system will also solve an enormous problem that affects small businesses across Europe
- When a business factors their unpaid invoice, they sell it to a factoring company
- Factris will develop a risk-management platform that uses the power of AI to evaluate risk automatically an industry first
- Factris is already a proven financial leader through technological innovations, such as their Finance Automation for Business platform
