San Francisco based debt collection startup TrueAccord has raised a $22m Series B led by Arbor Ventures.
| less than a minute read
TrueAccord Closes $22M Series B
Since closing its Series A round in 2015, TrueAccord has reached significant milestones, including: Customer Expansion: Between 2016 and 2017, TrueAccord grew the accounts it collects by 2.5x with more than 2 million customers on its platform since inception. Strong ROI: TrueAccord has demonstrated exceptional recovery results and beaten traditional agencies’ debt collection rates by a minimum of 50% to upwards of 500%. Client Acquisition: TrueAccord’s clients include top 10 issuers, leading creditors, and technology companies such as Yelp and LendUp with more than $1.5 billion of debt flowing through the platform since 2014.
