3 years ago

Ophelos Secures £5 Million to Transform Debt Collection with AI

  • London-based AI debt collection startup Ophelos has raised £5 million in a funding round led by AlbionVC

  • The company offers a platform that uses machine learning to provide personalized debt resolution plans and insights into customer financial health

  • Ophelos will use the funding to expand its services in the UK and double its team size

  • Notable angel investors include Matt Robinson of GoCardless and James Meekings of Funding Circle.

      • ProblemFinancial Services

      "Debt collection practices are often unethical and outdated, especially during times of economic hardship. This can lead to increased stress and financial instability for consumers, while also creating inefficiencies for businesses."

      Solution

      "Ophelos uses AI to personalize debt collection plans, making them more manageable for consumers and providing businesses with insights into their customers' financial well-being. This approach aims to create a more ethical and efficient debt collection process."

      Covered on