$97.2-150.9k
Digital collection platform
Open for applications
Digital collection platform
101-200 employees
Open for applications
$97.2-150.9k
101-200 employees
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.
Desirable
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
Jun 2022
$49.1m
LATE VC
Apr 2020
$36.4m
LATE VC
Southlake, Lenexa, KS
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.
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