Debt collection fintech January closes $12 million Series B
Summary
Creditors risk regulatory fines, their margins, and reputations when using traditional collection practices.As consumers increasingly struggle to pay their bills, delinquencies continue to rise, reinforcing the need for a humane solution in this space. People expect their banks to offer complete transparency, intuitive mobile and web access, and empathetic customer support available 24/7 across digital channels, and debt collection should be an extension of that experience. As our approach has touched millions of consumers lives, we hear weekly from borrowers expressing profound gratitude for resolving their financial challenges in a manner that upholds their dignity. Since their Series A fundraise in 2022, January has created a compassionate, effective debt resolution experience for millions of borrowers, signed leading financial institutions in the banking, credit union, fintech lending (including BNPL space), and doubled the size of their team. With this new funding round, January is focused on scaling their core product line to the largest financial institutions in the country and launching a solution to address creditors needs around delinquent accounts before reaching the point of charge-off.January will continue to level up the standard in debt collection, demonstrating that empathy and innovation can indeed reshape an entire industry.
Funding
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