3 years ago

Datacultr Secures $1 Million Seed Funding to Expand Credit Recovery Platform

  • UAE-based Digital Debt Collections and Risk Management start-up Datacultr has raised $1 million in its seed funding round led by London-based Sturgeon Capital, along with Seedstars International LLC, NP Consulting LLC & Startupbootcamp Fintech

  • Datacultr is a global, credit recovery operating system for high-risk lending, that drives collection efficiencies, reduces delinquencies, and Non-Performing Loans

  • The company aims to expand its sales team and bolster its technology team, as well as launch a new solution meant specifically for the Buy Now Pay Later (BNPL) segment.

      • ProblemFinancial Services

      "Millions of people in emerging markets lack access to financial services due to a lack of reliable data, making it difficult for lenders to assess their creditworthiness and extend loans."

      Solution

      "Datacultr provides a credit recovery operating system for high-risk lending that drives collection efficiencies, reduces delinquencies, and Non-Performing Loans. It uses sophisticated techniques based on behavioral change principles to educate borrowers and bring them into the formal financial sector."

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