Article: Seattle startup KredosAI raises more cash to help companies collect late payments

Managing editor Taylor Soper from GeekWire provides coverage of KredosAI's funding announcement.

BY TAYLOR SOPER on April 4, 2024 at 9:02 am. The original article can be viewed on GeekWire's website: https://www.geekwire.com/2024/seattle-startup-kredosai-raises-more-cash-to-help-companies-collect-late-payments/

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KredosAI, a Seattle-based enterprise software startup that helps companies collect late payments from customers, raised more cash to fuel growth.

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  • Founded in 2020 by former T-Mobile execs Balaji Sridharan and Dave Thoms, Kredos uses artificial intelligence to help communicate with customers who fall behind on payments.
  • The idea is to help companies recoup revenue lost to missed payments. Delinquency rates are rising across various industries.
  • A new SEC filing shows $2.1 million raised in fresh capital. Kredos declined to reveal the amount raised, but said StartFast Ventures, an early stage firm based in Syracuse, N.Y., led the most recent round of funding.
  • The company previous raised around $1 million. Other backers include SeaChange Fund, SaaS Ventures, Stout Street Capital, Okapi Ventures, and Early Light Ventures.

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