Tuesday, September 16, 2014

TrueAccord Raises $5M For Debt Recovery

San Francisco-based TrueAccord, a developer of technology to help businesses better recover past due debts from customers using software and algorithms, has raised $5M in a Serie A funding. The funding was led by Khosla Ventures and Caffeinated Capital (Raymond TOnsing), along with Max Levchin, Bryan Johnson (Braintree), and Homebrew. The startup--led by Ohad Samet--said it uses big data and machine learning to better understand those in debt, and help companies to more successfully recover payments owed to them. More information »