January Technologies, a NYC-based fintech company humanizing debt collection, raised $12M in Series B funding.
The round was led by IA Ventures. Existing investors Brewer Lane Ventures, Third Prime, and Reciprocal Ventures, along with new investors such as Upper90, Shrug Capital, and angel investors, also participated. The current round follows January’s $10M Series A fundraise in 2022.
Led by Jake Cahan, Founder and CEO, January helps borrowers get out of debt, while helping creditors improve their collections, preserve relationships with borrowers, and ensure compliance. January’s digital-first, empathetic approach to collections and recoveries increases performance, decreases risk, and creates better borrower experiences.
January partners with leading banks, fintechs, credit unions, and debt buyers to optimize their existing debt collection strategies — enabling them to increase collections efficiency, improve recoveries, and create happier borrowers.
The company intends to use the funds to drive new product development, and market expansion. January is focused on scaling their core product line to the largest financial institutions in the country and launching a solution to address creditors’ needs around delinquent accounts before reaching the point of charge-off.
FinSMEs
04/12/2023