James (formerly known as CrowdProcess), a New York-based credit risk startup, closed a $2.7M funding round.
The round was led by Gaël de Boissard with participation from Henry Richotte and BiG Start Ventures. As a result of this deal, Mr. de Boissard has joined James’s Board of Directors.
Co-founded by Pedro Fonseca and João Menano, James is a data science company focused on building a Credit Risk AI. The company provides financial institutions with scientifically-backed risk management tools that can help them prepare against cyclical crisis and help protect their reputation, making the global financial system safer in the long-run.
Currently operating in three continents, the solution was tested by over 25 financial institutions, from Tier 1 banks to alternative lenders.
James intends to use the funds to in the US where Yvan De Munck has been recently hired as the US Head of Business Development.