The Top 7 Debt Recovery Startups To Keep An Eye On

Debt recovery is changing as new technology makes it easier for businesses to manage outstanding payments and communicate with customers. Debt recovery startups are using tools such as automation, artificial intelligence and digital communication to create more efficient ways of handling collections.

These companies are also exploring approaches that can make the recovery process more flexible and customer-focused. As the industry continues to evolve, several startups are introducing new ideas and technologies worth watching.

What Are Debt Recovery Startups?

Debt recovery startups are modern FinTech (financial technology) companies that use automation, artificial intelligence and software to help other businesses or people collect unpaid bills and overdue debts.

Unlike traditional debt recovery agencies that rely on manual calls, these startups digitise and automate the recovery process.

Some of the leading hubs for debt recovery startups are based in major financial and technology hubs like Berlin, Bengaluru and Major US financial sectors like New York and San Francisco.

Traditional debt recovery agencies use very outdated strategies, whereas the new era of debt recovery startups digitises the recovery process. This is the main reason why they use debt recovery startups. However, there are other reasons to consider:

The Top 7 Debt Recovery Startups To Keep An Eye On

As mentioned, hiring a debt recovery startup to chase overdue funds can provide you with a lot of benefits. Here’s a list of the top 7 debt recovery startups you can take a look at:

JustSolve is an agentic-AI startup based in Milan that manages and collects pre-legal credit. For large numbers of small outstanding claims serving BNPL, utilities, e-commerce and similar companies, its autonomous agents automate omnichannel debtor contact (email, SMS, WhatsApp and phone), adaptive negotiation, payment planning and legal escalation.

Kolleno is an AI-powered financial startup with an order-to-cash platform that is designed to help with debt recovery. Their platform automates and manages accounts receivable, collections, payments and cash reconciliation for different businesses.

A financial software startup called Mozart is creating an automation platform for consumer interaction and financial recovery. A conversational artificial intelligence platform that automates call centre tasks, including debt collection. It uses self-governing AI agents that are intended to replicate a client’s top-performing agents on a large scale.

The platform can be used to negotiate conditions, schedule follow-up interactions, manage payment commitments and have natural, highly personalised conversations.

FrenzoCollect, a state-of-the-art omni-channel platform from FrenzoFinserv, maximises debt collections by utilising machine-driven analytics and data science.

Their technology-based platform improves portfolio quality and increases collection efficiency in a safe and legal way. They prioritise a favourable borrower experience in addition to streamlining debt collection procedures, which promotes future loan availability.

CraftAI provides an agentic AI platform that is designed to optimise and automate operations for lenders. This startup’s core offering is made up of AI-native, full-stack voice agents that manage debt collection, lead generation and EMI reminders.

Their approach aims to deliver businesses with a more compliant recovery process compared to the traditional methods used.

Chaseit is a debt collection startup in the financial sector that focuses on debt recovery for businesses like telecom providers and insurance companies.

The startup uses advanced AI technology to provide seamless communication with debtors across multiple platforms, which includes social media channels. Chaseit helps clients increase and improve cash flow by automating outreach for overdue debts.

Likvido operates as a financial technology startup that specialises in automated debtor management for small and medium-sized businesses. From quick registration of payments to friendly reminders and efficient debt collection – Likvido is the complete solution for your debtor management.