Aktos, a pioneer in the field of debt collection, has successfully secured a $4.4 million seed funding round. The company is a pioneer in the modernization of the accounts receivable management (ARM) sector thanks to its cutting-edge, cloud-based platform, which is quickly gaining favour among forward-thinking third-party debt collection agencies.
8VC and Crew Capital generously co-led the recent seed funding, bolstering Aktos’s mission to craft an AI-driven operating system for the debt collection sector.
However , experts estimate that this sector holds a value of around $20 billion.
Aktos’s platform manages the entire accounts receivable management workflow for debt collectors. This includes managing consumer communications, compliance, payments. Additionally it also includes invoicing. This comprehensive solution offers debt collectors a seamless experience, blending simplicity and ease of use with robust enterprise-grade features that cater to all sizes of agencies.
Aktos will deploy the new funds to amplify its mission and accelerate its growth, essentially reshaping the landscape for debt collection agencies.
The platform’s key selling point is its ability to meet consumers in their preferred communication channels. Thus, it offers a modern, end-to-end operating system for collection agencies, complete with full API integrations. These integrations enable it to work smoothly with an agency’s existing technology solutions, leading to improved outcomes for both agencies and consumers.