OpenDebt has raised AUD $2 million in a pre-seed funding round backed by Blackbird Ventures and Antler. The funding will support expansion in Australia and early partnership work in the United States.
The Sydney-based start-up develops artificial intelligence software for debt recovery teams at lenders and collection agencies. Its system handles customer conversations across voice, SMS, and email, with rules requiring identity checks before disclosing any debt information. It also escalates cases to a human specialist when a customer shows signs of hardship or asks to speak to a person.
OpenDebt is expanding deployments with Australian lenders and collection agencies, including a national collection agency where…