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.
FinSMEs
17/07/2017