Risika lands €5 million in funding, led by Seed Capital with our biggest seed-stage investment to date
Risika, a Copenhagen-based FinTech startup, announces a €5 million funding round from Seed Capital, co-investors, and existing shareholders, to boost their international growth and widen their product suite. This is Seed’s biggest seed-stage investment to date.
Risika has since 2017 leveraged machine learning to help B2B companies avoid losses and to make intelligent choices when acquiring new customers, through the Risika platform.
Today, they are trusted by more than 1,000 finance and sales professionals within the Nordics and have built a modern and easy-to-use credit risk management software.
“I’m very excited about the continued support from our existing shareholders and about getting Seed on board. We have huge ambitions and dreams about creating a special company, where the brightest people want to work and develop themselves, and where we solve critical problems for our customers. This investment allows us to pursue that dream,” says Timm Jeppesen, Co-founder and CEO of Risika.
The trust Risika has received from Seed Capital, co-investors, and existing shareholders will be the foundation for further product development, hiring new talent, and initiating a rapid expansion starting with Norway and The Netherlands.
“When meeting the founders for the first time, we quickly realized that we had a unique opportunity at hand. We invest in people and in execution power. Risika has both and they have demonstrated the ability to rethink and challenge a market dominated by a few international players. We look forward to being part of this journey,” says Lars Andersen, General Partner in Seed.
In 2017, three FinTech entrepreneurs hatched a vision to challenge the old-school status quo within financial risk management. Today, with offices in Copenhagen and Bulgaria, they leverage machine learning to help Nordic B2B companies predict paying and non-paying customers while delivering more ideal customers, through the Risika platform. www.risika.dk