Symend raises $52M to help mediate when customers are at risk of defaulting on payments – TechCrunch

With unemployment growing at a worrying rate, we’re seeing a lot more people finding themselves in hot water when it comes to their finances.
The company has been around since 2016 and has to date “treated” (its term for customers that it has touched and interacted with) some 10 million customers, on behalf of its enterprise clients.
A lot of the focus in the world of online payments — perhaps understandably — has been on the payments themselves.
“The economic impact of COVID-19 is leaving a lot of people in a bad financial situation,” he said.
And that social angle was what convinced Kaminsky to join him in building the company.

techcrunch Member since June 14, 2020

Loading + Follow Following

TechCrunch - Reporting on the business of technology, startups, venture capital funding, and Silicon Valley