Evispot secured $600k for building an AI-based tool for credit assessments business.

Evispot, a Gothenburg, Sweden-based developer of an AI-based tool for credit assessments, announced that it completed a SEK 6M ($620k) capital investment round.

The funding was supported by new and existing Sweden-based investors, including Chalmers Ventures, Almi Invest, Peter Bergh, Bertil Görling and Lena Apler.

Evispot, founded in 2017 and led by CEO Sebastian Larsson, developed an AI-based platform for assessing credit worthiness and credit risk. The platform helps lenders make the right decisions using artificial intelligence and allows lenders to analyze more parameters in each loan application and thus obtain a more justified decision basis.