Photo - SoloSuit
61623

SoloSuit

USA, Utah
Market: Financial services
Stage of the project: Operating business

Date of last change: 06.03.2024
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Idea

SoloSuit helps people resolve debt lawsuits.

Current Status

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.

Incubation/Acceleration programs accomplishment

Y Combinator
5,00
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Idea
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Finance
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Business model
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