Debt management platform CredCore has raised $16 million for its AI-powered solution.
The New York-based company’s Series A funding round, announced Thursday (Feb. 20), will help it expand its artificial intelligence (AI) capabilities, add staff and enhance its platform to support a wider range of credit market participants and deal types.
“CredCore is addressing a critical need in the enterprise credit industry, which transacts $5 trillion annually but has seen limited technological innovation,” the company said in a news release.”By focusing on domain-specific AI, CredCore accelerates deal throughput and empowers customers to scale their teams and assets under management.”
The release added that the CredCore…
