Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO – TechCrunch

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The banking business has undergone major changes, and especially in the BNPL scheme, how the debt collection business involves customers has become a major issue. Although hundreds of billions of dollars have been invested in the digitization of financial services and other services over the past few years, debt collection operations are still very manual and archaic, causing customer dissatisfaction and service provider losses. Bringing. Banks need to deal with this change, and FinTech start-ups seem to be dealing with it.

Back in May of this year, ReceiveA no-code SaaS startup that makes it easier for companies to collect and collect debt (such as overdue claims) has increased seed funding to $ 13.5 million with venture capital fund Seaya Ventures and 14W. Existing backers Mangrove, Speedinvest, and Seedcamp have joined the expansion round, and re: ceeve’s total war chest has exceeded $ 12 million.

re: ceeve allows company teams to automate the entire credit management value chain process. Its customers include banks, alternative lenders, utilities and telephone companies.

Since then, startups haven’t rested.

We now have ABN AMRO, the third largest bank in the Netherlands, as a partner and investor, with a € 4 million seed extension from the bank’s venture division. So it’s now $ 16 million.

Receeve and ABN AMRO Ventures also have a strategic partnership. This means that customers in banks that are most vulnerable to debt will receive more support.

ABN AMRO can now access Receeve’s platform to get a “unified view” of its customers in addition to current technology.

Paul Jozefak, CEO of receeve, said: “The two companies share a vision of providing advanced data and digital solutions to build the best customer experience. Innovation efforts create a roadmap for solutions and for the most vulnerable customers. Reflected in ABN AMRO Ventures, which works with receeve to become a leader in creating better journeys and at the same time provide employees with tools to continually improve their experience. “

Hugo Bongers, Head of ABN AMRO Ventures, adds: We look forward to working with the entire team to not only provide great value to ABN AMRO, but also to promote growth and expansion as an investor partner and build market leaders both inside and outside Europe. “

Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO – TechCrunch Source link Receeve, a debt recovery and collection platform, takes total funding to $16M with ABN AMRO – TechCrunch

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