Equabli Inc. has raised $3.35 million of additional capital in a funding round led by Social Leverage. Other investors include BankTech Ventures and Cross River Digital Ventures.
Equabli is a debt recovery service for lenders and their borrowers. Equabli’s Recovery as a Service platform provides clients with a curated service of analytics, and integrated recovery providers, all overseen by Equabli’s team
The new money will be utilized for market expansion, including new hires and improving the firm’s tech stack and servies.
Cody Owens, Equabli’s CEO, said they were pleased they have successfully closed the funding round which represents a “significant milestone” for the firm.
“We are grateful for the continued support of Social Leverage, and the opportunity to unlock strategic value with BankTech Ventures and Cross River Digital Ventures.”
Hillel Olivestone, Head of Corporate Development and Strategy at Cross River, said that Equabli is transforming the way we think about the credit cycle and debt management which is “ripe for innovation.”
“Cross River Digital Ventures is excited to support industry pioneers and be a part of Equalbli’s next stage of growth.”