Tuesday, November 14, 2017

TrueAccord Gets $22M For Debt Collection Technology

San Francisco-based TrueAccord, a startup focused on consumer debt collection, has raised $22M in a Series B funding, the company said today. The new round was led by Arbor Ventures, and also included Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture, TenOneTen and Crystal Towers. TrueAccord, led by CEO Ohad Samet, says it is using machine learning to help increase recovery rates for financial institutions, debt buyers, lenders, and technology companies, while providing an "exceptional customer experience" for consumers in debt.