About Mida Technologies

Mida Technologies provides AI-powered debt management solutions that enhance collections performance through advanced analytics and a multi-channel engagement strategy. Their services include digital due date collections, field recovery for non-performing loans, and a rule engine for streamlined debt management, addressing inefficiencies in traditional debt recovery processes.

```xml <problem> Traditional debt collection methods often lack efficiency and personalization, leading to lower recovery rates and strained relationships between lenders and borrowers. Manual processes and generic outreach strategies fail to account for individual borrower circumstances, resulting in suboptimal engagement and repayment outcomes. </problem> <solution> Mida Technologies offers an AI-powered debt management platform that leverages advanced analytics and multi-channel communication to improve collections performance. The platform uses machine learning to analyze borrower data, predict repayment behavior, and personalize engagement strategies. Mida's solutions encompass digital due date collections, field recovery for non-performing loans (NPLs), and a rule engine for streamlined debt management workflows. By automating and optimizing the collections process, Mida helps lenders increase recovery rates, reduce operational costs, and foster more positive borrower interactions through ethical recovery practices. </solution> <features> - AI-driven repayment logic that proactively manages potential defaults through card tokenization and direct debits - Omni-channel user engagement spanning pre- to post-collection, leveraging multiple data points to minimize default - Dynamic collections that increase success rates with automated data-driven multi-platform, multi-bank variable collections - Ethical recovery services offering modern contact center and field debt recovery expertise enabled by cutting-edge technology - Digital skip-tracing solution for locating hard-to-find defaulters - Real-time reporting and visualization on a company dashboard - Integration with existing lender systems via API </features> <target_audience> Mida Technologies primarily serves financial service providers, including lenders and banks, seeking to improve their debt collection and recovery processes. </target_audience> ```

What does Mida Technologies do?

Where is Mida Technologies located?

Mida Technologies is based in Dover, United Kingdom.

When was Mida Technologies founded?

Mida Technologies was founded in 2023.

How much funding has Mida Technologies raised?

Mida Technologies has raised 450000.

Location

Dover, United Kingdom

Founded

2023

Funding

450000

Employees

16 employees

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Mida Technologies

Score: 100/100

AI-Generated Company Overview (experimental) – could contain errors

Executive Summary

getmida.com 700+

Crunchbase

Founded 2023 – Dover, United Kingdom

Funding

Estimated Funding

$450K+

Team (15+)

Adija Uzodinma

Fintech Building Collections and Recovery technology Technology Operations and Governance Digital Transformation Product Development

Oke Egbi

Product and Marketing Director Fintech, Software Development

Company Description

Problem

Traditional debt collection methods often lack efficiency and personalization, leading to lower recovery rates and strained relationships between lenders and borrowers. Manual processes and generic outreach strategies fail to account for individual borrower circumstances, resulting in suboptimal engagement and repayment outcomes.

Solution

Mida Technologies offers an AI-powered debt management platform that leverages advanced analytics and multi-channel communication to improve collections performance. The platform uses machine learning to analyze borrower data, predict repayment behavior, and personalize engagement strategies. Mida's solutions encompass digital due date collections, field recovery for non-performing loans (NPLs), and a rule engine for streamlined debt management workflows. By automating and optimizing the collections process, Mida helps lenders increase recovery rates, reduce operational costs, and foster more positive borrower interactions through ethical recovery practices.

Features

AI-driven repayment logic that proactively manages potential defaults through card tokenization and direct debits

Omni-channel user engagement spanning pre- to post-collection, leveraging multiple data points to minimize default

Dynamic collections that increase success rates with automated data-driven multi-platform, multi-bank variable collections

Ethical recovery services offering modern contact center and field debt recovery expertise enabled by cutting-edge technology

Digital skip-tracing solution for locating hard-to-find defaulters

Real-time reporting and visualization on a company dashboard

Integration with existing lender systems via API

Target Audience

Mida Technologies primarily serves financial service providers, including lenders and banks, seeking to improve their debt collection and recovery processes.