Equabli, a leading light in the FinTech sector, is celebrating the successful completion of its most recent financing round.
The company has raised an impressive $3.35m. This fresh round of funding was led by Social Leverage, with noteworthy commitments from BankTech Ventures and Cross River Digital Ventures.
Equabli is revolutionising the way we approach debt recovery. Using its Recovery as a Service platform, Equabli offers a streamlined, comprehensive solution for lenders and their borrowers, effectively modernising and optimising the traditionally complex process of debt recovery. The platform delivers an expertly curated value chain of technology, analytics, and integrated recovery providers, all under the expert supervision of the Equabli team.
The new injection of capital will be used to drive the company towards its strategic goals. Key areas of focus include the recruitment of new talent, expansion into new markets, and the enhancement of their innovative debt recovery products and services. Through these initiatives, Equabli aims to continue delivering exceptional value to its clients and stakeholders.
Carey Ransom, Managing Director at BankTech Ventures, praised Equabli’s approach, saying, “We’re thrilled to partner with Equabli as they innovate in important areas of the credit lifecycle. The team’s knowledge about collections and recovery is world-class, and they’re applying it to a new technology and services stack that our banks can utilise and significantly upgrade their capabilities. This is exactly the kind of strategic company we look for at BankTech Ventures.”
Hillel Olivestone, Head of Corporate Development and Strategy at Cross River, also expressed his excitement at supporting Equabli’s pioneering vision. “The Equabli team is transforming the way we think about the credit cycle, specifically debt management, an area ripe for innovation,” he said. “Cross River Digital Ventures is excited to support industry pioneers and be a part of Equabli’s next stage of growth.”
Cody Owens, CEO of Equabli, reflected on the significance of this investment milestone. He said, “This investment represents a significant milestone for our company and reaffirms the confidence that our clients and investors have in our team and the solutions we are bringing to the Financial Services industry. We are grateful for the continued support of Social Leverage, and the opportunity to unlock strategic value with BankTech Ventures and Cross River Digital Ventures.”
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