Seattle-based fintech startup Attunely raises $9M in funding to use machine learning to maximize revenue recovery and enhance the consumer experience

Attunely, a Seattle-based fintech startup that produces machine learning models for debt collection, reducing waste, and improving recovery yield, today announced it has closed $9 million in new capital which includes an earlier seed round as well as a Series A investment. The round was backed by Framework Venture Partners, Anthos Capital, Vulcan Capital, and additional independent investors as well.

Attunely said in a press statement that funding proceeds will be used to expand the team with an emphasis on data science, data and security software engineers, client success resources, product/program management, and marketing. In conjunction with the funding, Attunely also announced that Andrew Lugsdin, Partner at Framework Venture Partners, will join its Board of Directors.

Founded in 2018 by Ryan Kosai, Scott Ferris, and Trip Edwards, Attunely provides a machine learning platform that makes the recovery of receivables easy, seamless, and profitable thus improving outcomes for creditors, lowering risk in the credit ecosystem, and facilitating a better consumer experience. The company has developed behavioral and economic models trained and tested on over 100 million interactions and decades of collection history.

“Attunely is uniquely positioned to help reinvent the consumer’s collection and lending experience, in view of the economic damage resulting from the COVID-19 pandemic. Its dynamic machine learning models provide an opportunity for improved engagements across the industry. Now, more than ever, businesses need tools to empower responsible engagement with consumers and improve business practices. I am excited to join the Attunely team and support their growth,” said Andrew Lugsdin, Partner, Framework Venture Partners.

“In the current economic climate, we believe machine learning is well suited to enable creditors, lenders, and revenue cycle management agencies to employ more tailored engagements during and beyond the pandemic-driven unemployment environment. Undoubtedly, COVID-19, has created a ‘new normal’. Attunely’s machine learning models are designed to provide greater flexibility and efficiency during a transformative moment for the economy at large,” said Scott Ferris, Founder and CEO, Attunely.