KredosAi Raises $7 Million in Series A Funding to Expand AI Collections Platform

Seattle-based AI collections platform KredosAi has raised $7 million in a Series A funding round led by BMW i Ventures. The round also saw participation from Motley Fool Ventures and Walter Ventures, along with existing investors Okapi Venture Capital, StartFast Ventures, SaaS Ventures, and Stout Street Capital.

The company said it plans to use the fresh capital to expand its go-to-market efforts across financial services and auto lending. In addition, KredosAi aims to accelerate product development and increase its workforce over the next year.

Founded in 2021 by Balaji Sridharan and Dave Thoms, KredosAi develops an AI-powered engagement platform focused on payment collections and revenue recovery.

The platform uses behavioral intelligence and artificial intelligence to help enterprises improve customer engagement during collections. Instead of relying on fixed communication campaigns, the system determines the timing, messaging, and communication channel best suited for individual customers.

KredosAi primarily serves telecom operators, financial institutions, and auto lenders. According to the company, the platform has processed more than 200 million customer interactions to date.

The company also reported revenue growth of over six times during the last two years while working with several Fortune 50 enterprises across North America. The platform supports multiple languages and holds SOC 2 Type II certification.

Late payments and delinquent accounts continue to remain a major challenge for large enterprises. Companies often see a significant share of revenue tied up in overdue accounts, while bad debt expenses can reach substantial levels annually.

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