Debtfolio
DebtFolio helps people manage their outstanding debt while providing tools to improve their credit score.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| N/A | $1m | Debt | |
| Total Funding | 000k | ||
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Debtfolio provides a specialized software platform for the accounts receivable market, focusing on the management of debt portfolio sales and placements. The software, developed and maintained by Vivid Tech Services, LLC, serves as a comprehensive toolset for businesses looking to sell or place debt by connecting them with compliant buyers and collection agencies.
The company's platform officially launched around October 2022, marked by a partnership with Connect1, a business consultancy in the accounts receivable industry, which adopted Debtfolio to power its brokerage services. This collaboration highlighted the platform's readiness to handle complex processes within the debt industry.
Debtfolio operates on a B2B model, targeting clients such as financial institutions, healthcare organizations, communications companies, and retail businesses that need to manage and sell off delinquent accounts. The platform streamlines the entire debt sale process, from file mapping and a controlled bidding system to document retention and chain of title management. Core services include automated debt sales, which provides an audited and transparent bidding process, and agency placements, allowing users to find and manage collection agencies. A key feature is its media management capability, designed to handle the large volumes of supporting documentation associated with debt files.
Built on Amazon Web Services (AWS), the platform is designed for security and scalability, conforming to stringent standards for data protection. It employs AES-256 encryption for all data, both in transit and at rest, and is built to be HIPAA-ready, addressing the specific compliance needs of healthcare clients.
Keywords: debt sales software, accounts receivable management, collection agency placement, debt portfolio marketplace, B2B fintech, automated debt sales, credit portfolio management, debt media management, Vivid Tech Services, receivable technology, financial services software, compliance management, debt brokerage platform, accounts receivable automation