# Risika A/S

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/risika-a-s

- Industry: Financial Services
- Headquarters: Copenhagen, Denmark
- Website: www.risika.dk
- Total disclosed funding: $5.3M
- Latest round: Seed (Dec 17, 2021)
- Investors on record: 1

## About

Risika A/S is a Danish company specializing in automated B2B credit assessment and risk insights, helping businesses make informed financial decisions and manage credit risks effectively.Founded in 2017, Risika A/S operates from Copenhagen, Denmark, focusing on providing innovative credit assessment solutions. The company has undergone strategic pivots to enhance its offerings. Founded by Christoffer Ljørring, Nicolai Rasmussen, Thorbjørn Rønje, and Timm Jeppesen, they have successfully secured a total of DKK 35 million in funding through a SEED round led by SEED Capital as of December 2021, bringing their total amount raised to DKK 35 million.Risika A/S specializes in providing automated B2B credit assessment processes and risk insights tailored for businesses. Their flagship offering, the Risika Platform, integrates seamlessly with existing financial systems via an API to deliver comprehensive financial and credit data on over 20 million Nordic companies. This enables clients to enhance operational efficiency and make informed decisions by accessing automated credit evaluations, daily updates on debtors, and insights into potential risks such as bankruptcy. The company serves a diverse clientele including financial institutions, accounting firms, and businesses across various sectors in the Nordic region and beyond, helping them avoid bad payers and streamline their credit and risk management processes.Risika A/S generates revenue primarily through subscription-based models for its suite of credit management and risk assessment tools. Customers typically enter into agreements for access to the Risika Platform, which provides them with the ability to obtain credit reports, risk insights, and ongoing financial data updates. The revenue structure may include tiered pricing plans that correspond to the level of service and the volume of data accessed, catering to small enterprises and large corporations alike. In 2023, the company reported an EBITDA of DKK -1,952,690.8, highlighting the need for growth and improvement in their financial performance.Following their recent SEED funding round in December 2021, in which Risika raised DKK 35 million led by SEED Capital, the company plans to utilize these funds to finance expansion into Norway and the Netherlands. Additionally, they aim to further develop the Risika Platform and hire new employees to support their growth initiatives. These efforts are designed to enhance their product offerings and penetrate new markets effectively.

## Funding rounds

- Seed, Dec 17, 2021, $5.3M — SEED Capital

## Investors

- SEED Capital (https://capitalatlas.ai/funds/seed-capital) — Seed