Collections Marketing Center
Latest round
- Series B
Last raised
- Jun 2009
Total raised
- $3.6M
Investors
- 3
About Collections Marketing Center
Collections Marketing Center Inc.Founded in 2006, Collections Marketing Center Inc. operates from Wilmington, US, offering software solutions for debt collection. The company has undergone strategic shifts, and in August 2021, it was acquired by Ontario Systems, LLC, which will bolster Ontario's entry into the first-party collections market.Katabat provides a comprehensive suite of debt collection software designed to enhance the efficiency and effectiveness of financial institutions, including banks, agencies, and alternative lenders. The company's core offerings include a cloud-based platform that features omni-channel orchestration, automated workflows, and a robust compliance engine, all aimed at optimizing collection strategies and improving customer engagement. Released in 2006, Katabat's platform allows users to customize communication channels such as SMS, email, and phone calls, ensuring that messages are delivered to borrowers in their preferred medium. The software's key functionalities are tailored to address the challenges of debt recovery by streamlining processes, enhancing customer experiences, and maintaining compliance with jurisdictional regulations.Katabat generates revenue through a subscription-based model where clients subscribe to access its platform and services. The company's client transactions typically involve a fixed fee structure for software access, complemented by additional charges for premium features and services. This B2B model facilitates partnerships with financial institutions that seek to improve their debt collection processes. Clients utilize the platform's automation capabilities and compliance tools to manage collections efficiently, thereby enhancing their revenue recovery rates.Following its acquisition by Ontario Systems in August 2021, the company is positioned to expand its collections workflow footprint into the first-party collections market segment. This strategic move will enhance Ontario Systems' capabilities in the debt collection arena.
Who invested in Collections Marketing Center
3 investors across 2 rounds
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Questions about Collections Marketing Center
Who invested in Collections Marketing Center?
Collections Marketing Center has 3 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Collections Marketing Center raised?
Collections Marketing Center has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Collections Marketing Center last raise money?
Collections Marketing Center's most recent round on record is a Series B, in Jun 2009.
What does Collections Marketing Center do?
Collections Marketing Center Inc.
Where is Collections Marketing Center headquartered?
Collections Marketing Center is headquartered in Wilmington, US.
Which VCs invest in companies like Collections Marketing Center?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Collections Marketing Center's stage. Their profiles are linked below.
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