January is a debt collection platform that serves creditors (banks and financial institutions) and borrowers (individuals or businesses who owe money). It uses a tech-enabled approach to improve debt recovery by applying machine learning to optimize collection strategies while prioritizing compliant, respectful interactions. The platform automates adherence to federal, state, and local regulations and increases recovery rates for creditors, reducing legal and reputational risk. Its key differentiator is combining data-driven autorecovery optimization with a personalized, human-centric approach, treating borrowers with dignity instead of treating them as numbers. The business earns revenue by charging creditors for using the platform, based on the improved recovery outcomes and lower risk. The goal is to raise recovery rates, lower risk, and set a higher standard for ethical debt collection in the financial services industry.
Company Size
51-200
Company Stage
Series B
Total Funding
$28M
Headquarters
New York City, New York
Founded
2016
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