Katabat, a Wilmington, Del.-based global provider of debt management software solutions for lenders, fintechs, and collection agencies, received a strategic growth investment of undisclosed amount.
Backers included Tritium Partners and Terminus Capital. The deal also represents an exit for Katabat’s venture backers, including Camden Partners, Osage Venture Partners and Activate Venture Partners.
The company intends to use the funds to expand and enhance its suite of debt collection products. Terms of the transaction were not disclosed.
Led by Ray Peloso, President and CEO, and Ye Zhang, Co-Founder and Head of Product Strategy, Katabat is a recognized global leader in cloud-based debt collection managed service software products. Founded by consumer lending experts, the platform synchronizes customer offers, implements customer workflows, and builds integrated content and treatments across all customer channels. Powered by machine learning, Katabat’s products are deployed to enable speed to ROI for its clients, and its products ensure full compliance with policy and regulatory guidance.