TrueAccord, a San Francisco, CA-based provider of an automated debt recovery platform, closed $5M in Series A funding.
The round was led by Khosla Ventures and Caffeinated Capital’s Raymond Tonsing, with participation from Max Levchin, Bryan Johnson and Homebrew, among others.
Created in 2013 by Ohad Samet, chief executive officer, Nadav “Sr” Samet and Nadav “Jr” Samet, TrueAccord provides an automated debt recovery platform which works with small and large businesses to recover lost revenue and with those in debt to create flexible payments solutions.
The company does it by leveraging a system that uses behavioral analytics, machine learning and a humanistic approach.
It already counts major enterprise companies across the online ecosystem and small businesses as customers.
FinSMEs
17/09/2014