Periculum, Pioneering AI and Data Analytics Company Shortlisted for Google Black Founders Fund!

July 14, 2023
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Fisayo Sofuwa

Four years after with presence in five countries and counting, Periculum has continued to revolutionize the Tech space with its innovative ideas and solutions. 

Periculum was founded with a deep conviction about the transformative power of Artificial Intelligence (AI) and its potential to revolutionize various industries. 

Recognizing the problem of the rigid risk models financial institutions relied heavily on for traditional credit bureau data and the growing need for advanced technological solutions in the financial sector, we set out to develop a pioneering product that could significantly enhance credit assessment processes called Insights. Leveraging the capabilities of AI, our pioneer product combines sophisticated algorithms with vast data analysis to provide accurate and efficient credit evaluations, enabling financial institutions to make well-informed decisions while minimizing risk. Through our unwavering commitment to innovation and our drive to address the challenges faced in credit assessment, we have positioned ourselves as industry leaders, driving the adoption of AI technology to revolutionize the financial landscape.

It is with immense pride and excitement that we announce Periculum's acceptance into the prestigious Google Black Founders Fund! The Google Black Founders Fund is an initiative that supports and empowers Black-owned tech startups and businesses. Being selected as one of the recipients of this prestigious fund is a testament to the remarkable talent, innovation, and potential our company embodies.

In today’s fast-evolving technological landscape, where artificial intelligence (AI) and data analytics are termed valuable in unlocking meaningful insights, Periculum has emerged as a leading force. Being shortlisted for the prestigious Google Black Founders Fund is a testament to our perseverance, innovation, and unwavering tenacity in the AI and tech industry. At the core of our success lies our commitment to innovation and how we consistently strive to create groundbreaking AI and data analytics solutions that propel businesses into the future. By harnessing the power of machine learning, natural language processing, and predictive modeling, Periculum empowers organizations with actionable insights that drive informed decision-making.

Beyond the monetary grant, we believe that being part of the Google ecosystem will open us up to huge opportunities that we did not have access to previously. The opportunity this fund has brought can not be underestimated, we now have a more solid network and through conversations we are able to understand how to penetrate certain markets easily due to the support we are offering each other as black founders and entrepreneurs.

As we continue to break new grounds at Periculum, this should serve as an inspiration to all aspiring entrepreneurs and professionals in the AI and tech industry. Our unwavering commitment to excellence sets a new standard for what can be achieved through perseverance, innovation, and tenacity in this ever-changing landscape.

Thanks to Google for Startups we now have the ability to take Periculum to the next level. Follow us on Instagram, Twitter, LinkedIn and YouTube and stay tuned for more updates.

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