AKUVO, a leader in collections and credit risk management technology, secured an undisclosed strategic investment from Vista Equity Partners. This AKUVO AI funding aims to significantly accelerate the company’s artificial intelligence strategy. Furthermore, it advances AKUVO's mission to modernize collections and risk management for financial institutions.
AKUVO provides cloud-native collections software solutions for banks, credit unions, and fintechs. Currently, over 150 credit unions and banks utilize these innovations. The platform thus helps improve cure rates, reduce operational costs, and strengthen portfolio performance, distinguishing it from traditional providers like FICO. AKUVO's approach goes beyond basic automation.
Accelerating AI-Powered Collections
This investment positions AKUVO to fast-track advanced AI-powered innovation. Specifically, these include agentic AI capabilities within its collections platform. Consequently, customers gain smarter automation, insight-driven communication, and real-time risk visibility. This AKUVO AI funding empowers financial institutions with greater precision and agility.
Vista Equity Partners invested through its Endeavor strategy. This strategy provides growth capital to market-leading enterprise software companies achieving at least $10 million in recurring revenue.
Existing investors, including Michigan State University Federal Credit Union (MSUFCU), support this strategic move. MSUFCU, an $8.2 billion credit union, recognizes AKUVO's understanding of financial institution needs. This AKUVO AI funding ensures the company can deliver innovation at scale, differentiating it from broader credit reporting agencies like Experian.
