TrueAccord
Latest round
- Series B
Last raised
- Nov 2017
Total raised
- $27M
Investors
- 8
About TrueAccord
TrueAccord Corp.Founded in 2013 and headquartered in Lenexa, US, TrueAccord Corp. specializes in optimizing debt collection through advanced technology. The company was co-founded by Nadav Samet.TrueAccord operates as a full-service digital-first debt collection agency, leveraging machine learning technology to enhance the consumer experience during debt recovery. Their primary product is HeartBeat, a patented machine learning platform designed to optimize engagement and improve collection outcomes over time. TrueAccord’s services cater to various stakeholders, including consumers in collections—who receive support for debt settlement—and businesses seeking intelligent collection solutions. Their offerings focus on providing a flexible, self-serve digital experience, which allows consumers to manage their debts through multiple channels effectively.Revenue generation for TrueAccord is primarily driven through a B2B model, where they provide third-party collection services to businesses. Clients typically engage with TrueAccord through subscription-based agreements or service contracts that outline the collection process and expected outcomes. The firm utilizes its flagship HeartBeat platform to enhance recovery rates, with the pricing structure reflecting the tailored services provided to each client based on their specific collection needs and volume. TrueAccord's business transactions involve deploying technology to improve collection efficiency and customer satisfaction, with the firm focusing on end-to-end personalization of communications to maximize recovery potential. The company aims to continue expanding its market presence, specifically targeting new geographic regions to enhance its service offerings. Future initiatives may include the development and launch of new products designed to further improve customer engagement and satisfaction in debt collection.
Who invested in TrueAccord
8 investors across 3 rounds
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Questions about TrueAccord
Who invested in TrueAccord?
TrueAccord has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has TrueAccord raised?
TrueAccord has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did TrueAccord last raise money?
TrueAccord's most recent round on record is a Series B, in Nov 2017.
What does TrueAccord do?
TrueAccord is a software company.
Where is TrueAccord headquartered?
TrueAccord is headquartered in Lenexa, US.
Which VCs invest in companies like TrueAccord?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at TrueAccord's stage. Their profiles are linked below.
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