KredosAi Raises $7M for AI-Powered Collections Platform

KredosAi, an artificial-intelligence platform built for debt collection and payment recovery, has raised $7 million in a Series A round led by BMW i Ventures, the company said July 2.

The round was oversubscribed. New investors include Motley Fool Ventures and Walter Ventures. Existing backers Okapi Venture Capital, StartFast Ventures, SaaS Ventures, and Stout Street Capital also participated.

KredosAi was founded in 2021 and is based near Seattle. The platform uses behavioral science and machine learning to help telecom operators and auto lenders improve payment outcomes, reducing churn and recovering more revenue. The company says revenue has grown more than sixfold in the past two years, and the platform has processed more than 200 million customer interactions. Clients include Fortune 50 enterprises across North America. KredosAi is SOC 2 Type II certified and supports multiple languages.

The company plans to use the capital to scale its platform and expand its customer base, according to the announcement.