Bengaluru-Based Debt Collections Platform CanPe Raises Funding In Seed Round Led By Axilor
- ByStartupStory | July 8, 2021
Bengaluru-based Debt collections platform CanPe raises funding in seed round led by Axilor. The round also saw participation from Yatra Angel Network, Manipal Technologies, and BetaPlus Capital Partners. Prominent angel investor Natarajan Ranganathan also participated in this round. The funds shall be used to accelerate product innovation, strengthen the SaaS platform, and expand the sales and marketing footprint. “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,” said Arindam Choudhury, Founder and CEO of CanPe regrading CanPe raises funding.
“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,” added Adithya Bharadwaj who led the investment at Axilor.
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