This startup provides a unified platform for contract servicing, asset management, and field services for renewable energy, FinTech, and equipment lenders. It centralizes the management of installment, usage, and subscription contracts to optimize portfolio risk and returns.
Funding
Funding not disclosed
Founders
Product
Problem
Lenders and lessors in the renewable energy, FinTech, and equipment finance sectors face challenges in managing complex contracts, including installment, usage-based, and subscription agreements. Inefficient contract management can lead to increased portfolio risk and reduced returns.
Solution
RayTech Servicing offers a comprehensive platform that streamlines contract servicing, asset management, and field services, enabling lenders and lessors to optimize their portfolios. The platform supports the entire customer journey, from credit and contract onboarding to payoff or renewal, and includes ancillary services such as UCC filings, insurance tracking, and sales and property tax processing. By combining servicing expertise with an operations and maintenance platform, RayTech Servicing supports both the finance contract and the installed equipment, providing a unified solution for managing diverse asset portfolios. RayTech Servicing also offers backup servicing solutions for portfolios in the solar, FinTech, equipment, and auto finance markets, providing customized services on an active or standby basis to support securitizations and various lending structures.
Target Audience
RayTech Servicing primarily serves lenders, lessors, and trustees in the solar and energy efficiency, FinTech, and equipment finance industries.
Features
- Contract onboarding services
- UCC and fixture filings
- Contract and portfolio accounting
- Billing services with an e-bill portal
- Payment processing
- Customer service and collections
- Operations and maintenance for solar contracts
- Sales and property tax return processing
- Payoff processing and accounting
- Analytics and reporting