Debt collection software maker Aktos raises $4.4M

Aktos, a debt collection SaaS startup, has raised a $4.4 million seed co-led by 8VC and Crew Capital, the company tells Axios exclusively.

Why it matters: The $20 billion debt collection industry has lacked modern software and innovation.

How it works: Aktos’ cloud-native software is designed to help third-party debt collection agencies manage their operations.

  • That includes processing and entering all the data around debts placed to them, tracking communications with debtors, as well as processing payments and invoicing.
  • “For a collector, it is their core system of record — every single thing that happens in a collection agency is going to be done in our software,” Aktos CEO Peter Wang says.

Author: Ryan Lawler

Souce: Axios Pro

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