CRiskCo Receives 100,000 AUD Grant from the Hot DesQ Program
Australian program selected CRiskCo to join its first batch, starting January 2017
Hot DesQ awards $100,000 AUD (~$74,000 USD), accommodates with office space, and provides access to the Australian market through its extensive network of connections in the business and financial sectors.
Hot DesQ leverages Queensland's advantages such as proximity to the Asia Pacific region and expertise in med-tech, agriculture, aviation and mining, to attract world-class entrepreneurial talent.
The program bases the selected startups in different innovation accelerators and hubs across Queensland.
Erez Saf, Founder and CEO of CRiskCo, commented on this announcement saying: "We are thrilled to be selected as one of the 25 most promising startups, and we cherish the trust and appreciation of the Queensland government. Australia is home to more than 1.2 million SMEs, representing 33% of Australia's GDP. Our platform is perfect for this business eco-system, and we will be happy to see businesses join and manage their risk portfolios in a smarter and more effective way".
CRiskCo is a credit risk analysis and management service operating out of San Francisco and Tel Aviv, Israel. CRiskCo's technology accesses and analyzes accounting information using big data analytics and predictive machine learning algorithms, and enables SMEs and professional credit providers to evaluate the credibility of their business customers and credit applicants, and predict future credit failures.
Erez Saf (CEO), CRiskCo