Technology group Prytek has added credit capabilities to its onboarding platform Karbon by investing in CRiskCo through its corporate venture capital arm. CRiskCo is a platform that makes loan application processes digitally accessible for SMEs.

Prytek provides managed services and BOPaaS (Business Operating Platform-as-a-Service) to top tier banks through its subsidiary Delta Capita. As part of its strategy, Delta Capita offers Client Lifecycle Management to (CLM) banks using its proprietary technology Karbon.

Karbon is an end-to-end intelligent CLM platform that provides data sourcing, data integration, workflow, rules engine and screening. The platform leverages AI and ML to enhance and streamline the KYC process.

Israeli startup CRiskCo, which was founded in 2015 by CEO Erez Saf, has developed a platform that makes the loan application processes digitally accessible for borrowers and lenders. CRiskCO Direct allows business owners to apply for a loan and connects them through smart systems with the right lenders and the right financial products for their business. CRiskCo Approve is the company’s flagship product, for banks and other financial institutions. It offers a white label solution for collecting financial information, processing it for underwriting at top speed and with the utmost convenience to the user.

Saf said, "Partnering with Prytek, will allow us to broaden our offered services to our existing clients in Mexico, USA, and Australia. Prytek opens up huge opportunities for us and demonstrates the trust and confidence leading industry ventures rely on".

Andrey Yashunsky, Founder and CEO of Prytek comments “There has never been a more important time to make sure business owners are receiving the funding they need to invest in their companies to ensure they are able to thrive this year. We’re pleased to be working with a company like CRiskCo and helping them achieve their ambitious growth targets.”

Prytek invests in and builds technologies (with a portfolio of 30 technology companies to date), which it delivers to the market through its own managed services divisions. Prytek’s services divisions utilize the innovative technology solutions to build competitive advantages and to benefit from significant operating efficiency and new product capabilities. Prytek focuses on several sectors including financial services and fintech (through its UK-based arm Delta Capita); cyber security and technology training in the USA; HR-Tech and the cyber security sectors. The current financing round was led by Prytek’s technology CVC Arm which scouts for technologies to create white label products and OEM solutions for Prytek's service divisions.