Digital-first debt collections platform, based in Bengaluru, CanPe has announced that it has raised funding in Axilor led seed round. Yatra Angel Network, BetaPlus Capital Partners, Natarajan Ranganathan, and Manipal Technologies also participated in the funding round.
Speaking on the announcement, Arindam Choudhury, Founder and CEO of CanPe, commented, “This funding comes at the right time when CanPe’s debt collections platform (‘ICanPe’) is experiencing exponential adoption by financial institutions. We are executing an ambitious product roadmap that aims to inject substantial degrees of intelligence and technology into the collections process. Our vision is to become the intelligent collections operating system of the entire lending industry and beyond.”
“We strongly believe that iCanPe’s digital-first borrower-centric debt collections approach serves as the right force multiplier to address the burgeoning “bad debt” problem – through its operating system for collections for lenders. iCanPe is the missing link in the digital lending ecosystem,” said Adithya Bharadwaj from Axilor.
“We are excited to join ICanPe, solving the debt recovery problem by building the next generation Debt Recovery-As-A-Service (DRAAS) platform that is both: intelligent and empathetic,” added Abhishant Pant, Yatra Angel Network.
