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TrueAccord
Digital collection platform
- 101-200 employees
- B2C
- Mortgages
- Machine Learning
- Financial Services
- Southlake, Lenexa, KS
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Company mission
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.
Our take
Consumer debt, credit card debt and personal loan debt are at an all-time high. Meanwhile, investors purchasing debt for cheap and then attempting to collect the whole amount, along with the collection agencies they hire, are becoming increasingly aggressive.
San Francisco startup, TrueAccord, is trying something different and taking a markedly softer approach to the market of debt collection, hoping 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 give them the ability to cancel a payment with no added fees.
Recognising an opportunity to build a platform that fundamentally changes the debt collection industry, TrueAccord is increasing the amount of debt collected with the help of machine learning that provides debtors with a personalised process. Through multiple funding rounds and partnerships, TrueAccord has proved itself as an expert in its field and is focused on continuing to develop its brand in order to minimise debt.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Family-friendly maternity and paternity leave
- 401k through Charles Schwab with employer contribution matches
- Wellness Coach for you and 5 family members. Wellness Coach gives all TrueML employees access to 3000+ on-demand sessions about meditations, fitness, nutrition, and more!
- Employee assistance program (EAP) via Claremont. Get free short-term counseling for mental health, free + discounted legal consultations, free financial consultations, access to work/life consultants, and more!
- Everything you need to work remotely
- Unlimited PTO
- Medical/dental/vision insurance
- Flexible Spending Account & Limited FSA
- Short + long term disability, company paid life insurance
- PerkSpot discount program. PerkSpot offers exclusive discounts to 900+ merchants nationwide, and has exclusive discounts up to 60% on hotels worldwide
- Paid time off to do volunteer work in your community
Company values
- Mission-Focused, Results Driven
- Be a Team Player
- Empathy Always, in All Ways
- Controlled Disruption
- Bring Your “A” Game
Funding (last 2 of 5 rounds)
Jun 2022
$49.1m
LATE VC
Apr 2020
$36.4m
LATE VC
Total funding: $120m
This company has top investors
Leadership
Ohad Samet
(CEO)Previously worked in Fraud Prevention for PayPal and as the Chief Risk Officer at Klarna. Founder of Analyzd (acquired by Klarna) and Signifyd.