Fintech Startup Collectly Secures $1.9 Million

Collectly announced the close of $1.9 million in financing. Eight investors participated in the round: GoAhead Ventures, Lightspeed Venture Partners, Index Ventures, Worldview Technology Partners, IT-Farm, Granatus Ventures, Cabra.vc, and OnWave Ventures.

Collectly aims to disrupts the $280 billion medical debt collection market by helping doctors collect twice as many debts as they typically do and by providing patients with the best possible options for getting out of the debt instantly. Collectly’s system tracks and learns about every debtor from the very first interaction. The software creates personalized communications and executes in real-time, instantly providing debtors with an appropriate restructuring solution in cases where they cannot pay the amounts in full immediately.