Key Takeaways
- Collection Hub is the world’s first and only marketplace for debt collection, connecting global companies struggling with unpaid account receivables with local debt collectors.
- The startup has demonstrated significant potential in revolutionising the debt collection industry, having brought together 400 collectors from 60 countries.
- Through Collection Hub, customers can save up to 50% in collection fees by opting for the best deals offered by the global network of debt collectors.
- Founded in 2017 and based in London, England, Collection Hub has raised €600,000 in angel investment so far.
Operating in the innovative cross-section between finance, fintech, and financial services, Collection Hub is a London-based startup changing the game in the world of debt collection. The company has swiftly positioned itself as an essential platform for businesses struggling with unpaid accounts receivables, bridging the gap between these businesses and an international network of local debt collectors. The innovative, industry-first approach of Collection Hub reimagines how debtors and collectors connect, adding transparency and mutual benefit to a traditionally controversial process.
As a multidimensional marketplace connecting actors across borders, Collection Hub truly showcases its strength in networking and global reach. The pioneering firm brings together a pool of 400 collectors from 60 different countries, thereby guaranteeing a diversity of offers and tactics for struggling businesses to choose from. Further, the businesses can enjoy significant savings in debt collection costs, with the possibility of cutting fees by up to half.
What sets Collection Hub apart from traditional debt collection methods is its unique business model. By centralising and facilitating the debt collection process, Collection Hub positions itself as a mediator between debtors and collectors. This approach not only simplifies a traditionally complex process but also brings unmatched transparency and efficiency to the debt recovery process. In addition to offering economic benefits, the platform ensures the integration of ethical collection practices, thereby pushing the industry towards a more sustainable and accountable future.
The startup’s ability to attract and connect a broad range of industry players in a single marketplace is another unique differential. By including top-notch players such as Natuzzi, Deezer, Mac Tools, Snap-on, Ambrosetti – European House, and Novacyt as their recurring customers, Collection Hub is positioning itself as a significant player in the global debt recovery industry.
Looking ahead, Collection Hub’s revolutionary approach holds immense potential in transforming the credit, finance, and fintech space. As the company grows its global network, it brings the industry closer towards a harmonised, simplified, and cost-effective debt recovery process. This model has the potential to reset norms in the industry, bringing unprecedented accessibility and accountability in an area long plagued by opacity and complexity.
To learn more about their innovative solution and stay updated on their journey, follow the links to their website and LinkedIn below:
Collection Hub’s official website
Collection Hub on LinkedIn
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