January Raises $12 Million in Series B Funding

January will use this funding to further develop January's platform and scale its core product line to the largest financial institutions in the United States.


January, a fintech company focused on humanizing debt collection, has successfully raised $12 million in a Series B financing round. The round was preempted and led by existing investor IA Ventures, with participation from Brewer Lane Ventures, Third Prime, Reciprocal Ventures, Upper90, Shrug Capital, and strategic angel investors.

January’s debt resolution platform is designed to rehabilitate relationships between borrowers and creditors, driving net recoveries and reducing risk. The platform caters to leading banks, credit unions, debt buyers, and fintech lenders, providing a comprehensive solution for debt collection and recovery needs.

Since its Series A fundraise in 2022, January has experienced significant growth, quadrupling its revenues and client count. The company has helped hundreds of thousands of Americans resolve their debt, earning a reputation as a leader in the debt collection industry. January’s client portfolio includes major lenders such as top-20 card issuers, banks, publicly-traded fintechs, top-10 credit unions, and debt buyers.

The debt collection industry has historically faced challenges, leading to poor outcomes for both consumers and creditors. January aims to address these challenges by leveraging data and technology to create a more humane and efficient debt resolution experience. The company uses real-time, high-quality data to personalize borrower engagement, streamline internal operations, and ensure compliance with rules and regulations.

January’s platform has proven to be 150 times more efficient than traditional debt collection methods, making it the primary source of debt recovery for 90% of its clients. The company has received industry-leading ratings and reviews from borrowers, with a 4.8/5 Stars rating on Google Reviews.

The new funding will be used to further develop January’s platform and scale its core product line to the largest financial institutions in the United States. The company also plans to launch a solution addressing creditors’ needs around delinquent accounts before reaching the point of charge-off.

January’s mission is to reshape the debt collection industry by demonstrating that empathy and innovation can create a more positive and effective debt resolution experience for both consumers and creditors.

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