TrueAccord

othersbig data analyticsartificial intelligence/machine learning

FOUNDING YEAR: 2013
LOCATION: United States
Last Update: 17/07/2020

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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

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:

Arbor Ventures

Assurant

Bryan Johnson

Caffeinated Capital

Felicis Ventures

Homebrew

Hunter Walk

Khosla Ventures

Max Levchin

Michael Liou

Nyca Partners

Raymond Tonsing

TenOneTen Ventures

KEY EMPLOYEES:

Ohad Same(CEO); Nadav Samet(CTO)

Momentum

FUNDED

YES

TOTAL FUNDING

$34.48 M

DATE OF LAST FUNDING

Mar 2019

TOTAL FUNDING COMMENT

The company is planning to use the funds for future product development and innovation of its platform.

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

Innovation Programs

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