January has raised $12 million in Series B financing to help Americans get out of debt. The investment, led by IA Ventures, will be used for new product development, market expansion and furthering January’s mission to facilitate the empathetic resolution of written-off and past-due debt. This round follows the company’s $10 million Series A.
The fintech company aims to humanize debt collection and improve financial stability for borrowers while modernizing collections for creditors. It serves banks, credit unions, debt buyers and fintech lenders with its digital-first approach to optimizing their existing debt collection strategies.
January has experienced significant growth since its Series A in 2022. The company has helped hundreds of thousands of Americans resolve their debt and has quadrupled its revenues and client count over this period.
With its new funding, January plans to scale its core product line to the largest financial institutions in the country and launch a solution to address delinquent accounts before they reach the point of charge-off.
