Dublin-based Webio, a company that brings Artificial Intelligence-driven conversations to the credit, collections and payments industry, announced on Thursday that it has raised $4M (approximately €3.84M) in its Series A round of funding led by Amsterdam-based Finch Capital.
Mike Brennan of Finch Capital says, “Webio is reimagining the way customer credit conversations take place in the collections industry. This sector is ripe for disruption, its approach to its customers is outdated and it’s an extremely large market which is set for significant growth. Webio has established itself as an award-winning provider with triple-digit growth in this market and is well-positioned to help the sector overcome key challenges around digital transformation and the adoption of AI.”