The startup offers a debt recovery platform that integrates multi-channel communication and asset management to streamline the debt collection process. By providing personalized consumer interactions and actionable insights, the platform enhances efficiency for creditors while simplifying the experience for consumers.
Funding
$7.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
SLFounders
Product
Problem
Traditional debt collection processes often involve manual tasks, outdated communication methods, and fragmented data, leading to inefficiencies and regulatory compliance challenges. Lenders, agencies, and debt buyers struggle to optimize recovery strategies, engage borrowers effectively, and manage delinquent portfolios in a streamlined manner.
Solution
Equabli offers a cloud-based suite of solutions designed to modernize and optimize debt collection and recovery. The platform, comprised of EQ Engine, EQ Engage, EQ Collect, and EQ Docs, leverages data-driven insights and intelligent automation to enhance engagement with borrowers, streamline debt management processes, and ensure regulatory compliance. By aggregating and standardizing data from various sources, Equabli provides a comprehensive view of the recovery lifecycle, enabling lenders and agencies to make informed decisions and improve overall recovery performance. The platform facilitates personalized communication strategies, self-service repayment options for borrowers, and robust agency and inventory management capabilities.
Target Audience
Equabli primarily serves lenders, collection agencies, and debt buyers seeking to modernize their debt recovery processes, improve borrower engagement, and optimize financial outcomes.
Features
- **EQ Engine:** A proprietary suite of AI and ML solutions for strategy and operational optimization, risk assessment, and portfolio valuation.
- **EQ Engage:** A digital engagement platform that enables personalized borrower journeys, multi-channel communication, and self-service repayment options.
- **EQ Collect:** A debt management platform that streamlines agency and inventory management, automates strategy execution, and provides embedded compliance oversight.
- **EQ Docs:** An intelligent tool for comprehensive document management throughout the entire credit lifecycle.
- Configurable workflow automation for streamlined processes.
- Format-agnostic batch and API data exchange for seamless integration.
- Near-real-time reporting for enhanced transparency and insights.
- Secure and scalable cloud-native architecture.