4 years ago

Ophelos Raises £1.6M to Humanize Debt Collection with AI

  • London-based startup Ophelos has raised £1.6 million in a pre-seed funding round co-led by Connect Ventures and Fly Ventures

  • The company offers a customer-centric debt management platform that leverages AI and behavioral science to improve the debt collection process for both businesses and consumers

  • Ophelos aims to create a more financially inclusive and equitable world by providing accessible, anonymous, and convenient debt resolution solutions.

      • ProblemFinancial Services

      "Debt collection is often impersonal and inconvenient for customers, leading to negative experiences and bad publicity for businesses. The industry is slow to adopt technology and lacks a customer-centric approach."

      Solution

      "Ophelos uses AI and behavioral science to digitize customer communications, offer flexible repayment plans, and improve vulnerability detection. This creates a more accessible, anonymous, and convenient experience for customers while providing businesses with enhanced recovery rates, intelligent insights, and reduced risk."

      Covered on