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Apr 2026LinkedIn company data shows Grace Jolas, former Head of Operations, departed in April 2026.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Jul 29, 2026
Overview
CollectWise is a New York-based YC Fall 2024 startup that uses generative AI agents to automate late-stage consumer debt collection for agencies, debt buyers, collection law firms, original creditors, and in-house collections teams, with compliance-first messaging and performance-based pricing.
Primary product
Autonomous AI agents for debt collection automation
Founded
2024
Headquarters
New York City, New York, United States
Team size
1-10
Work style
Flexible
Industry
Financial Services
Sub-industry
AI debt collection / collections automation
Offices
New York City, New York, United States
Business model
performance-based recovery fee
usage-based billing on connected talk time
Funding
People & investors
Leadership
Founder & CEO
Founders
Co-founder & CTO
Work & culture
Founder-led, fast-moving, and execution-heavy, with an emphasis on compliance, respectful customer interactions, high ownership, and rapid iteration.
Work style
Flexible
Visa sponsorship
No
Compensation
Public job postings show roughly $200K-$300K compensation for AI Agent Engineer and Founding Account Executive roles, with additional equity and commission upside; a Forward Deployed Engineer role is listed at about $160K-$250K plus equity.
Benefits
meaningful equity
commission upside
direct access to leadership
Product & market
Pricing
Performance-based percentage fee on recovered debt, with usage billed only for connected talk time and custom quotes via sales.
Differentiators
- —claims 2X higher recovery rates than human collectors
- —claims about 80% lower collection costs
- —24/7 autonomous outbound and inbound coverage
- —compliance-oriented, amicable debtor communications
- —integrated legal-network workflow for escalation
- —bills only for connected talk time
Technology
React
Node.js
Firebase
Google Cloud
SQL
LiveKit
Twilio
Customers
collection agencies
debt buyers
collection law firms
original creditors
in-house collections teams
consumer finance lenders
healthcare providers
utilities companies
telecommunications companies
Competitors
TrueAccord
Experian
C&R Software
Receeve
Xelix
Finflux
RDC.AI
Pravid
Scale & contact
Estimated revenue
Around $2M annualized run rate (inferred; likely within the $1M-$5M band)
Estimated monthly visits
4.1K
Traffic estimate as of Jul 2026
Signals & risks
Latest news
LavX News · Jul 2026
A July 2026 profile said CollectWise was hiring its first account executive to scale from about $2M annualized run rate toward $10M ARR.
LavX News · May 2026
A 2026 profile highlighted CollectWise's 2X performance claim, $2M annualized run rate, and five-person team as signs of early traction.
GlobeNewswire / CoreNest Capital · Jan 2025
CoreNest said it invested in CollectWise as part of a broader AI/fintech investment tranche, reinforcing that the company had outside financing beyond Y Combinator.
Ignite Insights · Aug 2024
Sean O'Brien discussed CollectWise's origin, performance-based pricing, AI automation of debt collection workflows, and the company's aim to modernize a legacy, compliance-heavy industry.
Jobs and careers at CollectWise
0 jobs at CollectWise
No open positions
Check back later for new openings