CriskCo

CriskCo operates in the financial software sector, providing a credit risk analysis and management platform for financial institutions and B2B vendors. Founded in 2015 by Erez Saf, the company was an early pioneer of the "Open Accounting" concept. The firm is headquartered in Los Angeles, California, with a global presence that includes offices in Israel, Australia, and Mexico.

The company's founder and CEO, Erez Saf, brought extensive experience from the corporate world to the startup. His background includes roles as the CIO at the Israeli peer-to-peer lending startup eloan.il and various development and R&D positions at SAP. This experience in information systems, technology, and financial data laid the groundwork for CriskCo's focus. Saf holds a BSc in Computer Science and Bioinformatics and an MBA with honors from Tel Aviv University.

CriskCo's core business revolves around leveraging artificial intelligence to transform commercial credit processes. The company’s platform connects to a business's accounting systems, like QuickBooks and Xero, through a single API to extract and standardize financial data. This allows for the automation of the commercial loan origination process, reducing underwriting times from days to hours. For its clients, which include financial institutions and B2B vendors, CriskCo offers real-time credit reports, ongoing risk monitoring, fraud detection, and financial health alerts. The platform uses predictive analytics and machine learning models to generate a proprietary credit score called FinScore, which assesses a business's risk profile. CriskCo's revenue is generated through its suite of software-as-a-service products.

The company offers several distinct products. "CriskCo Approve" simplifies loan processing and underwriting for lenders by integrating with accounting systems to generate risk information. "CriskCo Monitor" helps business owners manage cash flow risks and prevent credit losses through real-time analysis of debtor credit risk. Additionally, "CriskCo Direct" acts as a marketplace, connecting small and medium-sized businesses seeking financing with appropriate lenders for products like working capital, equipment financing, and lines of credit.

Keywords: commercial credit, risk management, financial software, AI credit scoring, loan origination, underwriting automation, open accounting, SMB financing, credit risk analysis, predictive analytics, fraud detection, FinTech, B2B lending, financial data API, real-time credit reports, cash flow management, business credit score, debt monitoring, marketplace lending, SME finance