TrueAccord, a San Francisco, CA-based provider of an automated debt recovery platform, raised an additional $250k in funding.
The investment was made by Nyca Partners, the new venture capital fund founded by finance industry veteran and former Visa President, Hans Morris. In conjunction with the transaction, Morris also joined TrueAccord’s Board of Advisors. It came some days later the company announced its $5M Series A funding round from by Khosla Ventures, Caffeinated Capital’s Raymond Tonsing, Max Levchin, Bryan Johnson, and Homebrew, among others (read our news here)
Led by Ohad Samet, founder and chief executive officer, TrueAccord provides small and large businesses with an automated debt recovery platform to recover outstanding payments and works with those in debt to create flexible payments solutions.