# Lecto

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lecto

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.lecto.co.jp
- Total disclosed funding: $0.9M
- Latest round: Series A (Nov 25, 2024)
- Investors on record: 7

## About

Based in Tokyo, Japan, Lecto, Inc. is a technology firm established in 2021 that specializes in automating debt collection and management processes for businesses, enhancing operational efficiency in recovery operations.Lecto, Inc. is a specialized platform that automates debt collection and management, streamlining recovery operations for businesses. Founded in 2021, the company is headquartered in Tokyo, Japan. It has successfully completed 3 deals, with the most recent funding round being a Seed round on November 25, 2024, raising JPY 100.000 mn from investors including BEENEXT and East Ventures. This total amount raised also stands at JPY 100.000 mn.Lecto???? specializes in an automated platform for debt collection and management, designed to streamline and enhance the efficiency of recovery operations for businesses. Their core product offering, known as "Lecto," automates the process of sending reminders through various channels such as emails, SMS, and automated calls (IVR), significantly reducing the manual workload typically associated with debt recovery. The platform allows users to flexibly configure communication methods, schedules, and messaging based on different debtor groups, effectively alleviating the burdens faced by creditors and debtors alike. Lecto's solutions are particularly beneficial for industries experiencing an increase in accounts receivable due to the shift towards cashless transactions, and are utilized by a diverse client base including companies like TRENDE????, AG ?????????????, and ????????????????????????, among others. The company primarily operates in the Japanese market, with an emphasis on urban areas where cashless transactions are prevalent.The revenue model for Lecto???? centers on subscription-based offerings where clients pay for access to its comprehensive debt management platform. This structure enables businesses to manage their accounts receivable more effectively while reducing operational costs. Clients engage with Lecto's services through various pricing plans that may include tiered subscription options tailored to their specific needs, allowing organizations to scale their usage based on the volume of debts they manage. The transactions generally involve a monthly fee for the automated services provided, ensuring that businesses can consistently address their collection processes without incurring excessive manual labor costs. Additionally, the platform provides advanced features such as reporting and data analysis, which enhance the decision-making capabilities of their users, thus supporting improved cash flow and operational efficiency.The most recent funding deal on November 25, 2024, aims to enhance Lecto's sales, engineering, and marketing capabilities, strengthening its growth in debt management and collection services. The company plans to utilize the JPY 100.000 mn raised to support the development of new product features and expand into additional geographic markets. Specific targets for expansion have not yet been disclosed, but the emphasis will be on enhancing service offerings while scaling operations to meet increasing demand.

## Funding rounds

- Series A, Nov 25, 2024 — SMBC Venture Capital, Mizuho Capital, BEENEXT, D4V, Resona Capital, MUFG Innovation Partners
- Seed, Mar 22, 2021, $0.9M — East Ventures, BEENEXT

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- BEENEXT (https://capitalatlas.ai/funds/beenext) — Seed, Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series A
- D4V (https://capitalatlas.ai/funds/d4v) — Series A
- Resona Capital (https://capitalatlas.ai/funds/resona-capital) — Series A
- MUFG Innovation Partners (https://capitalatlas.ai/funds/mufg-innovation-partners) — Series A