Fintec Labs

bankingtechnew core banking solutions

FOUNDING YEAR: 2015
LOCATION: South Africa
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Fintec Labs is collection optimization specialist which uses big data, machine learning and cloud computing to help its clients collect their debtors' book in a smarter way.

Focus

PRODUCTS & SERVICES

Fintec Labs is a B2B technology company specializing in collection optimisation - using big data, machine learning and cloud computing the company helps clients to optimize the collections of their debtors’ book. Fintec Labs product, OptiCollect, is a cloud-based collections platform that provides clients with the ability to calculate the best-cost-route to collect and creates appropriate collection instruction to the bank automatically. The solution handles the submission to clients' bank on their behalf and posts the results back to clients' debtors system. Fintec Labs also assists clients in formulating an optimal fact-based collection channel strategy. The company applies data science to behavioural patterns of unique debtors book, assisting in crafting the optimal mix of collection channels, both traditional and alternative.

MAIN CLIENTS

Businesses

EXISTING PARTNERSHIPS

Barclays Africa

PRIMARY PROBLEM SOLVED

Allows to develop the most optimal debt collection strategy based on data science and behavioral patterns of debtors.

People

FOUNDERS

Daniel Van Tonder

Willem Van Zyl

NUMBER OF EMPLOYEES

1-10

Momentum

FUNDED

YES

TOTAL FUNDING

$8.8 M

DATE OF LAST FUNDING

2016

SEED & PRIOR FUNDING

$8.8 M

SEED CLOSED ON

Dec 2016

SEED PRIOR FUNDING COMMENT

Cumulative funding indicated

LISTED

NO

BASICS

FOUNDING YEAR:

2015

LOCATION:

South Africa

Views:

35 VISITORS | 43 VIEWS
LATEST FUNDING ROUND

$8.8 M

TOTAL EMPLOYEES
1-10

About

Fintec Labs is collection optimization specialist which uses big data, machine learning and cloud computing to help its clients collect their debtors' book in a smarter way.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
People+
Other+

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack