debt collection

With fresh capital, Symend aims to build a better debt collection system

Squeezed by the recessionary COVID-19-era economy and the rising prices of everyday goods, some consumers are increasingly turning to lines of credit to make ends meet. According to a September 2021 s

TikTok parent ByteDance leads $6M round in financial AI startup Lingxi

TikTok’s parent company ByteDance has added Lingxi, a Beijing-based startup that applies machine intelligence to financial services such as debt collection and insurance sales, to its ever-expan

Kinder, gentler debt collector TrueAccord raises $22 million

Bringing debt collection into the age of the soft touch, email and text-based world of the 21st century has netted TrueAccord $22 million in a new round of funding. I first wrote about the company thr

Collectly raises $1.9 million to move debt collection online

A few months ago I wrote about a little startup called Collectly going after the big, inefficient  debt collection industry by using modern tools to ease the process for debtors while also increasing

Collectly is moving debt collection online

A startup called Collectly is moving the debt collection process online and providing more transparency around how the process is going. By doing so, the company is recovering debt at twice the rate o

TrueAccord Looks To Fix Debt Collection With $5 Million From Khosla Ventures, Max Levchin And More

The idea for TrueAccord began with a late payment on Ohad Samet's Macy's card. It was the end of 2012, and Samet, who was working as the chief risk officer for Klarna, started getting phone calls at r