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Companies Come Together to Launch Digital Debt Collection Platform

A pair of companies have announced they have joined forces “to bring the digital self-service revolution to debt collection.” The companies — Zappix Inc. and Cloud Collections — have created the Zappix Digital Debt Collection solution. “We are pleased to join forces with Cloud Collections and add efficiency and effectiveness …

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Collection Tech Startup Gets Funding From Y Combinator

Prodigal Technologies, Inc., a debt collection technology start-up, has received a seed investment from Y Combinator, a well-known accelerator that has backed companies like Airbnb, Dropbox, and Reddit. A seed investment from Y Combinator typically includes an investment of $120,000 in exchange for an equity stake in the company, usually …

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SaaS Company Debuts Machine Learning Collections Platform For Creditors

Katabat, a software solutions provider, has announced the launch of Katabat Engage, a “data-driven” debt collection product “powered by machine learning” to creditors and consumer lending operations. The product provides lenders with a machine learning platform that allows for the use of customized text messaging and emails as communication tools …

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Scratch Raises $17 Million To Make Loan Payments ‘Less Awful’

A tech company whose founder was just named to the Bureau of Consumer Financial Protection’s Consumer Advisory Board has raised $17 million in venture capital funding to help it “recast the loan servicing business as a friendly, easy-to-use app.” The company, called Scratch, currently services student loans and personal loans, …

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Scam Call Volume Exploding, According to First Orion

The number of mobile scam calls has increased ninefold in the past year and will represent more than 44% of all calls by 2019, according to a report that was issued last week by First Orion, a company that makes the PrivacyStar app that blocks certain calls from being connected …

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