iFactor logo — company profile

iFactor

Founded 2016 2-10 employees Pre-Seed Total: $1.83M B2B, Fintech

General Information

Company Name iFactor
Founded Year 2016
Employees 2-10
Industries B2B, Fintech
Funding Stage Pre-Seed
Social

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About iFactor

is a Fintech startup founded in 2016. The company recently secured a €125.00K Pre Seed Round investment from Startup Wise Guys on 27 July 2022. The iFactor solution focuses on ESG and offers a proprietary technology that addresses challenges faced by SMEs through two distinct channels. Firstly, iFactor has developed a robust AI/ML technology solution and dynamic proprietary modeling to enhance credit risk assessment by leveraging a diverse range of alternative data, including validated KYC and AML processes from banks. This approach not only improves the cost efficiency of lending to SMEs by automating processes, reducing fraud and default risks, but also accelerates the loan approval process by transforming "Thin file" SMEs into Strengthened Files for lenders. Secondly, iFactor offers a hybrid marketplace where various lenders, including banks, investors, and companies, compete for the right to fund SME loan applications that meet their credit score criteria. This marketplace enables more effective capital allocation by aligning with each lender's risk appetite. All KYC and credit risk evaluations are conducted using the same advanced technology: iFactor Advanced KYC and iFactor Pure Analytics, based on alternative data, while monetary transactions are handled by iFactor Setl, an engine utilizing Open Banking PSD 2 or E-money Payment Initiation Service.

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Pre Seed Round €125.00K 1
Startup Wise Guys
27 Jul 2022
Equity Crowdfunding €702.47K 2
Clever Capital, ROCA X
19 Feb 2021
Non Equity Assistance Undisclosed 1
InnovX
09 Oct 2019
Funding Round $1.00M -
30 Mar 2016

FAQ About iFactor

The iFactor solution is an ESG-focused proprietary technology designed to address the challenges faced by SMEs through two distinct channels: Firstly, iFactor has developed a robust AI/ML technology solution and dynamic proprietary modeling that enhances credit risk assessment by leveraging a diver...
iFactor was founded in 2016.
iFactor operates in B2B and Fintech.
iFactor has approximately 2-10 employees.
iFactor has completed 4 funding rounds, raising a total of $1.83M. The latest funding stage is Pre-Seed.

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Source: BounceWatch company record for iFactor, https://bouncewatch.com/company/ifactor, updated 27 December 2024. When citing, please name BounceWatch and link this page.

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