BankTech Ventures Invests in Equabli

July 11, 2023

Pam Kaur

Head of Bank Technology

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BankTech Ventures is proud to announce our newest investment of $1 million in Equabli!

After speaking with many of our limited partners and recognizing the need for debt management amidst record-high outstanding balances, declining liquidity and a regulatory environment growing ever more complex, we sourced Equabli to be part of our ever-growing ecosystem of top-tier, bank-ready solutions.

Equabli offers banks data-driven lifecycle debt management on an all-in-one platform. Curious on what they can do for your bank? Check out this BankTech Ventures Webinar featuring Equabli.

"Equabli, Inc., a leading financial technology company, is pleased to announce the successful completion of its recent round of financing. The funding round secured $3.35M of additional capital and was led by Social Leverage. Additional commitments were received by BankTech Ventures and Cross River Digital Ventures.

The funding will be instrumental in propelling Equabli toward its strategic objectives, including talent acquisition, market expansion, and enhancing Equabli's innovative debt recovery products and services, enabling it to continue to deliver exceptional value to its clients and stakeholders.

'We're thrilled to partner with Equabli as they innovate in important areas of the credit lifecycle. The team's knowledge about collections and recovery is world-class, and they're applying it to a new technology and services stack that our banks can utilize and significantly upgrade their capabilities. This is exactly the kind of strategic company we look for at BankTech Ventures,' said Carey Ransom, Managing Director."

Read the full official press release HERE.