About
Skit.ai provides AI voice agents for debt collection in the ARM industry. Raised $47.6M total (Series B) from WestBridge Capital and others. Automated 1B+ spoken conversations, resolved $1B+ in accounts. 40% cost reduction and 20% opex decrease for clients. Customers include American Finance, Collections Bureau of America, Uown Leasing. Omnichannel: voice, SMS, email, chat. Won 2024 AI Excellence Award. Founded 2016 in Bengaluru.
Key Facts
- [1]Funding: Total funding: $48M. Last round: May 2023. Stage: Seed.
- [2]Employees: Employee count: 201-500.
- [3]Website: Official website: skit.ai.
- [4]AI Technology: Core AI/ML technologies: Predictive ML.
- [5]Region: Region: Americas (United States).
Founders
Akshay Deshraj
Co-founder & CEO
Sourabh Gupta
Co-founder & CTO
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 Skit.ai?
Skit.ai provides AI voice agents for debt collection in the ARM industry. Raised $47.6M total (Series B) from WestBridge Capital and others. Automated 1B+ spoken conversations, resolved $1B+ in accounts. 40% cost reduction and 20% opex decrease for clients. Customers include American Finance, Collections Bureau of America, Uown Leasing. Omnichannel: voice, SMS, email, chat. Won 2024 AI Excellence Award. Founded 2016 in Bengaluru. Skit.ai is classified in the Lending & Credit segment at the Automation layer of the financial AI stack.
Who founded Skit.ai?
Skit.ai was founded by Akshay Deshraj (Co-founder & CEO) and Sourabh Gupta (Co-founder & CTO).
How much funding has Skit.ai raised?
Skit.ai has raised $48M in total funding, placing the company at the Seed stage. The most recent round closed in May 2023. Among 81 funded Lending & Credit companies, Skit.ai ranks #59 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Skit.ai use?
Skit.ai 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 Skit.ai operate in?
Skit.ai 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 Skit.ai's competitors?
Companies similar to Skit.ai 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 Skit.ai offer?
Skit.ai builds automation-layer solutions for the financial services industry. The company's core offering: AI voice agents for debt collection across channels. The platform is powered by Predictive ML technology.