About
CollectWise is automating consumer debt collection with AI. SF-based, founded 2024 by Sean O'Brien and Vivek Isukapalli. YC F24 batch. Raised $500K seed (Jan 2025). AI agents outperform human collectors by 2X at 75% lower cost. Serviced $2M+ in debts. 20-day avg recovery time, 5% starting contingency fee. $35B US market.
Key Facts
- [1]Funding: Total funding: $500K. Last round: Jun 2022. Stage: Seed.
- [2]Employees: Employee count: 1-10.
- [3]Website: Official website: collectwise.ai.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: Americas (United States).
Founder
CollectWise Team
Debt tech
AI Technology
Predictive ML
Traditional ML algorithms for classification, regression, and scoring models
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is CollectWise?
CollectWise is automating consumer debt collection with AI. SF-based, founded 2024 by Sean O'Brien and Vivek Isukapalli. YC F24 batch. Raised $500K seed (Jan 2025). AI agents outperform human collectors by 2X at 75% lower cost. Serviced $2M+ in debts. 20-day avg recovery time, 5% starting contingency fee. $35B US market. CollectWise is classified in the Lending & Credit segment at the Automation layer of the financial AI stack.
Who founded CollectWise?
CollectWise was founded by CollectWise Team (Debt tech).
How much funding has CollectWise raised?
CollectWise has raised $500K in total funding, placing the company at the Seed stage. The most recent round closed in Jun 2022. Among 81 funded Lending & Credit companies, CollectWise ranks #81 by total capital raised. (Source: AIFI Map directory.)
What AI technology does CollectWise use?
CollectWise primarily leverages Predictive ML technology. Traditional ML algorithms for classification, regression, and scoring models. Within the Lending & Credit segment, 58 companies use this technology.
What market segment does CollectWise operate in?
CollectWise operates in the Lending & Credit market segment. AI lending and credit companies are reimagining how creditworthiness is assessed, loans are originated, and debt is managed across consumer, small business, and commercial markets.
Who are CollectWise's competitors?
Companies similar to CollectWise in the Lending & Credit space include Greenlite ($20M raised), Upstart ($160M raised), Zest AI ($357M raised), Pagaya ($75M raised), Scienaptic AI ($17M raised). These companies operate in related areas of financial AI: Greenlite focuses on ai agents that accelerate aml reviews. Upstart focuses on ai lending platform using alternative data for credit decisions. Zest AI focuses on ai-automated underwriting for credit unions and banks. (Based on AIFI Map classification data.)
What products does CollectWise offer?
CollectWise builds automation-layer solutions for the financial services industry. The company's core offering: AI consumer debt collection automation. The platform is powered by Predictive ML technology.