Kredit provides a networked operating system that automates debt recovery processes through a single integration, enabling lenders and collection agencies to manage outreach, self-resolution, and settlement negotiations efficiently. By utilizing secure data handling and compliance protocols, Kredit addresses the challenges of consumer engagement and account resolution in the credit card debt sector.
Funding
$6.7M 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.
FVFounders
Product
Problem
Lenders and collection agencies face challenges in efficiently managing debt recovery processes due to fragmented communication channels and the need for secure, compliant data handling. Engaging consumers and facilitating account resolution in the credit card debt sector requires navigating complex regulatory landscapes and diverse stakeholder interactions.
Solution
Kredit offers a networked operating system that streamlines debt recovery by providing a single integration point for managing various outreach, self-resolution, and settlement channels. The platform enables lenders, debt buyers, collection agencies, and collection law firms to automate high-margin recovery channels. It facilitates consumer engagement through preferred communication channels, empowers self-resolution via a secure portal, and automates negotiations with debt settlement firms. Kredit also provides a protocol for plugging into a network of financial apps, enabling inbound engagement initiated by consumers.
Target Audience
Kredit's primary customers include lenders, debt buyers, collection agencies, and collection law firms seeking to automate debt recovery processes and improve consumer engagement.
Features
- Centralized platform for organizing SMS and email outreach campaigns with customizable templates and embedded compliance controls.
- Consumer portal providing 24/7 access for self-service account resolution, including payment options, chat, dispute resolution, and document exchange.
- Automated settlement negotiation tools with manual, bulk, and rule-based options, along with data-driven insights across portfolios.
- Protocol for integrating with financial apps, enabling consumer-initiated account lookup and payment functions with code-driven compliance.
- Secure data handling with AES 256-bit encryption at rest and TLS 1.2 in transit, along with multi-layered defenses in cloud environments.
- Robust data integrity protocols ensuring accuracy, consistency, and completeness of data.
- PCI-DSS compliance to secure cardholder payment information.
- Role-based user permissions for managing platform access and activity across recovery channels.