Tuesday, November 14, 2017

TenOneTen Backs TrueAccord For Debt Collection Technology

Los Angeles-based venture capital investor TenOneTen Ventures is one of the backers in a round for consumer debt collection technology startup TrueAccord, which was announced this morning. The Series B funding for San Francisco-based TrueAccord was worth $22M, and was led by Arbor Ventures. Other investors in the round, aside from TenOneTen, are Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture and Crystal Towers. TrueAccord says it is applying machine learning to the collection of consumer debt, saying that software helps increase recovery rates for financial institutions, debt buyers, lenders, and technology companies, while providing an "exceptional customer experience" for consumers in debt. More information »