Dublin, Ireland, 1 April 2019
The European Commission has recently awarded Verge.Capital with the Seal of Excellence for the value of its offering. European Commission with the Seal of Excellence recognizes the excellent standards of Verge.Capital’s strategy and business plan, as part of the Horizon 2020 programme and recommends our offering for review by funding bodies.
“For us at Verge.Capital, it is an honour to have our efforts recognized. The recognition is more fulfilling given that it comes by an international panel of independent experts in a highly competitive evaluation process in terms of excellence, impact, quality and efficiency of implementation” commented Verge.Capital’s Chief Risk Officer, Ioanna Stanegloudi. “We are very proud that our project stood up among thousands of other proposals and this award reinforced our commitment to introduce a more fair way for assessing creditworthiness and affordability, one that will allow mobility, transparency and fair access to credit for all European citizens.”
This recognition allows Verge.Capital to join, amongst others, the community of similarly minded startups and SMEs as member of the Access4SME which facilitates future funding opportunities.
Verge.Capital’s research and development is already recognized by a number of distinct partners like Microsoft, M12, NYU Stern, National Bank of Greece and European Commision through a number of awards, grants and other competitive processes.
Verge.Capital will be a pan-European credit scoring provider, and will enable individuals and financial institutions to universally assess affordability and creditworthiness of individuals by utilizing machine learning on top of open banking APIs. For more information visit https://verge.capital
About European Commision Seal of Excellence
The Seal of Excellence is a quality label awarded to project proposals submitted to Horizon 2020, the EU’s research and innovation funding programme, to help these proposals find alternative funding. Projects which were judged to deserve funding, but did not get it due to budget limits, receive the Seal of Excellence. It recognises the value of the proposal and helps other funding bodies take advantage of the Horizon 2020 evaluation process. For more information visit https://ec.europa.eu/info/research-and-innovation/funding/funding-opportunities/seal-excellence_en
ACCESS4SMES is the network of Horizon 2020 National Contact Points (NCP) for Small Medium-sized Enterprises and Access to Risk Finance (SMEs, ARF). The overall objective is to facilitate transnational cooperation among NCPs for SMEs and ARF, upgrade their systemic knowledge and tools in order to raise their standard of support, identifying and sharing good practices across SME/Industry dedicated instruments in Horizon 2020 in close collaboration with other EU networks.. For more information visit http://www.access4smes.eu/