TrueAccord
others . big data analytics . artificial intelligence/machine learning
FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 19/01/2021
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About
TrueAccord is the leader in digital collections. By focusing on great user experiences, TrueAccord provides businesses with superior debt collection results. Our machine learning platform adapts to consumer behavior with personalized and empathetic communications to deliver the right payment option at the right time and channel. We work with top financial institutions, enterprise companies and upcoming businesses to recover billions in lost revenue. For more information, visit www.trueaccord.com.
MEDICI Analysis
TrueAccord uses a fully automated system, behavioral analytics and a humanistic approach to help enterprises, small businesses and freelancers recovery billions in lost revenue and empower millions of consumers to get out of debt
Focus
PRODUCTS & SERVICES
Trueaccord Analytics Platform for Debt Collection Process
REVENUE MODEL
The company earns by withholding a small percentage of the collected debt.
MAIN CLIENTS
Lendup
Yelp
Upwork
EXISTING PARTNERSHIPS
Upwork
Kiva
Wepay
COMMENT
TrueAccord provides a data-driven debt collection platform powered by machine learning with a decision engine that analyzes consumer behavior and delivers personalized experiences by communicating with consumers at the right time in the right channel with payment options that meet their needs.
Traction
VALUATION / MARKET CAP:
$35 M in 2015
COMPANY TYPE:
For Profit
TRANSACTIONS VALUE:
$60 M
ACTIVE USERS:
0.4000
ACTIVE USERS COMMENT:
Debtors
People
FOUNDERS
Ohad Samet
Nadav Sr. Samet
Nadav Jr. Samet
Nadav Jr. Samet
BOARD MEMBERS AND ADVISORS
Philip Mikal
Ohad Samet
Gene Alston
Nadav Samet
NUMBER OF EMPLOYEES
51-200
INVESTORS:
KEY EMPLOYEES:
Ohad Same(CEO); Nadav Samet(CTO)
Momentum
FUNDED
YES
NUMBER OF FUNDING ROUNDS
6
TOTAL FUNDING
$34.48 M
DATE OF LAST FUNDING
Mar 2019
IPO STATUS
Private
TOTAL FUNDING COMMENT
The company is planning to use the funds for future product development and innovation of its platform.
ESTIMETED REVENUE RANGE
$1M to $10M
SEED CLOSED ON
Jan 2013
FUNDING SERIES
SERIES A · $5 M · Sep 2014
SERIES B · $22 M · Nov 2017
OTHERS · $7.48 M · Dec 2015
DEBT FUNDING
$12.62 M
LISTED
NO
company provided insights
Web Traffic
MONTHLY VISITS
512,243
AVERAGE VISITS (6 MONTHS)
373,827.97
MONTHLY VISITS GROWTH
13.09%
VISIT DURATION
88
VISIT DURATION GROWTH
-9.22%
PAGE VIEWS VISIT
2.28
PAGE VIEWS VISIT GROWTH
-8.36%
BOUNCE RATE
50.29%
BOUNCE RATE GROWTH
3.75%
GLOBAL TRAFFIC RANK
92,899
MONTHLY RANK CHANGE
-22,145
MONTHLY RANK GROWTH
-19.25%
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