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To reinvent the debt collections space by delivering great consumer experiences that empower consumers to regain control of their financial health and help them to better manage their financial future.
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Consumer debt, and that from credit cards and personal loans, is at an all-time high. Meanwhile, the manner in which debt is collected continues to get more aggressive. TrueAccord is hoping to help combat this by taking a markedly softer approach to the debt collection market.
The company's approach is to collect debt not with brute force but instead with consumer-friendly software technology. This software provides customers with the ability to adjust repayment plans online, change the amount they pay week by week and gain the ability to cancel a payment with no added fees.
This provides debtors with a more personalised way to manage their debt, which has the added affect of enabling more debt to be successfully collected. Through this approach, TrueAccord has the opportunity to fundamentally change debt collection - a fact which has earned it multiple partnerships and plenty of investment.
Freddie
Company Specialist at Welcome to the Jungle
Jun 2022
$49.1m
LATE VC
Apr 2020
$36.4m
LATE VC
This company has top investors
Ohad Samet
(Founder & CEO)Previously worked in Fraud Prevention for PayPal and as the Chief Risk Officer at Klarna. Founder of Analyzd (acquired by Klarna) and Signifyd.
Product
Finance, Legal & Compliance
Sales & Account Management