Symend Inc., a Calgary, AB, Canada-based fintech startup, raised $1m in seed funding.
Backers included unnamed business angels.
The company intends to use the funds to build out their prototype, which will use a combination of automation, predictive analytics, and better positive collection tactics to help their pilot customers.
Co-founded by Hanif Joshaghani, CEO and Tiffany Kaminsky, CMO, who were joined by CTO Joseph King, Symend provides a software as a service (SaaS) solution which aims to help utility providers, telecoms, and unsecured credit card suppliers recovery their customer debt.
Tools include automation of collection information, customer outreach, and flexible payment options.