Uruguayan startup hiSofi is trying to make debt collection less painful for everyone involved. Its AI-powered platform analyzes a debtor's behavior to figure out the best channel, timing, and approach for reaching out, instead of blasting every account with the same calls and letters, while letting consumers negotiate and set up payment plans directly through a digital interface rather than an intimidating phone call.
The company raised USD $1M to build out a regional AI hub, with backing from SaaSholic and Uruguay's National Agency for Research and Innovation (ANII), which contributed $250,000 of the round.
The funding will go toward expanding hiSofi's AI capabilities as it looks to scale its approach to collections technology across the region.
