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eCollect

Europe's leading receivables management platform

Switzerland
Market: Financial services
Stage of the project: Operating business

Date of last change: 23.03.2021
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Idea

eCollect is a B2B2C FinTech driven startup with an in-house developed all-in-one cross-border receivables management platform. We make use of best-in-class AI solutions to turn traditional debt collection into an innovative fully digitised hassle- free experience for every industry and their customers. Our AI-based service surpasses the outdated methods of traditional debt collection employing a proven workflow to take customer communication to the next level.

Current Status

eCollect is a B2B2C FinTech driven startup with an in-house developed all-in-one cross-border receivables management platform. We make use of best-in-class AI solutions to turn traditional debt collection into an innovative fully digitised hassle-free experience for every industry sector and its clients.

Our AI-based service surpasses the outdated methods of traditional debt collection employing a proven workflow to take customer communication to the next level. The result is a fully integrated platform, which allows the cost-effective processing of even small-sized and cross-border receivables.

Problem or Opportunity

eCollect turns chaotic and expensive receivables management procedures into a slick, intelligent and keen technology-driven process. Instead of using multiple providers and lavishing internal resources and money, businesses can now put their entire receivables management on autopilot, incl. billing, dunning, pre-legal and legal collection, payment related customer support.

Solution (product or service)

A technological all-in-one solution, that covers the entire receivables management process. eCollect operates cross-border and maintains multi-language dispute management and customer support. There is a possibility of multi-currency payments with over 150 integrated payment methods and flexible data transfer, which makes us a trusted partner for our clients and their customers in multiple industries: Digital Enterprises, Public Utilities, Government, Mobility, Healthcare, Travel & Hospitality, Insurance and Financial Services.

Competitors

Some of our competitors are: Receeve, CollectAI, Pair Finance, and Troy. However, eCollect is a frontrunner because of our multi-channel, cross-boarder end-to-end receivables management platform.

Advantages or differentiators

Our USPs:
- Invoicing - Dunning - Pre-Legal - Legal Collection (I2C) Process with one single
onboarding for multiple countries
- Cross-border, multi-jursdiction, multi-language and multi-currency usability with over 150 payment methods worldwide with monitoring of exchange rates
- Innovative software platform with micro-services architecture and event-based processing
- Capable of processing over 2 million transactions per day
- AI-based omnichannel communication processes which are adjusted according to the target persona
- Exploratory Analytics apps with UX dashboard
- White-label customer app, Payment Page & White-label client app
- Banking grade data and identity protection

Money will be spent on

AI and talent Development

Incubation/Acceleration programs accomplishment

Visa Innovation Program 2020

Won the competition and other awards

Tech Rocketship Awards 2021 - Category winner Digital Economy & Security
Venture Lab - Top 5 Swiss Fintech startups 2020
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Idea
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Finance
Invested in previous rounds, $
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