SoloSuit is doing $1.5m in annualized revenue and growing 80% YoY.
Problem or Opportunity
Debt collectors and consumers are disconnected. Collectors are able to collect $12b annually. But 66% of their accounts go uncollected, so they're leaving a ton of money on the table. Their number one desired outcome is to settle.
On the other side, 70m consumers are in collections annually. 10m of them get sued for debt each year. Their number-one desired outcome is to settle as well.
Solution (product or service)
SoloSuit makes it easy for people to respond to a debt lawsuit and settle with collectors. Consumers use our web app to create and file a response to the lawsuit. Then they make an offer to settle on our debt settlement marketplace.
Business model
We've made a debt settlement marketplace that connects consumers and businesses.
