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185 January Raises $10M for its Debt Collection Service That Handles The Needs of Both Creditors and Borrowers

AlleyWatch
AlleyWatch @ AlleyWatch 1 place · 04/15/2022 12:27 EDT

January Raises $10M for its Debt Collection Service That Handles The Needs of Both Creditors and Borrowers

The debt collection industry was estimated to be in excess of $13.4B in 2021 with over 7,000 collection agencies.  With such fragmentation in the industry, practices by collectors vary widely and the industry generates more fraud complaints to the FTC than any other industry.  When dealing with such a sensitive area, managing the needs of both the consumer and lender is critical and has implications beyond the relationship between the two. For example, a lender’s ability to recoup loans directly impacts the

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