Convoke Systems, Inc., a San Francisco, CA-based provider of software that manages, automates, and accelerates accurate business information for the recovery of debt, has secured a $5.5m Series B round of financing.
The round was led by Flybridge Capital Partners and QED Investors.
In conjunction with the funding, QED Investors partner and former Capital One executive Frank Rotman, together with Jeff Bussgang and Matthew Witheiler from Flybridge Capital Partners, will join the company’s board of directors.
Delivered as a software-as-a-service (SaaS), Convoke Systems’s platform centralizes, standardizes and automates the handling and movement of consumer and commercial debt information.
At the solution’s center is a set of applications for registering, distributing and managing data that verifies debt, validates account ownership, protects private consumer information and provides “on demand” access to legitimate debt owners and servicers.