Just to highlight a few things that might make the startup and the new fundraise worth reporting about for you:

• All 3 founders, Matteo Benedetti, Tony Zabel and Brandon Baumgarten have deep industry experience:
  • Matteo worked for McKinsey & Company over the last three years focusing on banking and specifically collections.
  • Tony led Myos’ (German B2B Lender) Strategy & Risk department, also being responsible for collections.
  • Brandon led an IT Team for E-Commerce DocMorris, who had also extensive touchpoints with collections.
• Instead of focusing on the big Creditors (e.g., Zaland, Paypal, etc.), Debtist focuses on aggregating the biggest market, albeit fragmented, SMEs. Those market players have no adequate access with only suboptimal products (e.g., Handover, Transparency) – Debtist will change this through leveraging already existing software integrations and data from mentioned platforms.
• In a currently difficult fundraising market, the round underlines the huge opportunity in this space (EUR >400bn in Europe).
• The company has seen great traction since product launch, having >20k MRR in just 3 months and increasing at high pace. Already, Debtist is active in Germany and France, also operating for DACH customers in Spain, United Kingdom and Italy (to name a few).