Dublin AI start-up Webio raises €1.5m for credit collection service

Company uses artificial intelligence to reduce potential for conflict between creditors and the customers that owe them money

10th June, 2021
Dublin AI start-up Webio raises €1.5m for credit collection service
Cormac O’Neill, Webio’s chief executive and founder, said the investment is ‘another step in our strategic development plans to fundamentally change how this sector works’

Webio, a Dublin-headquartered tech start-up which uses AI to make collecting debt less adversarial for companies and customers, has raised €1.5 million in a Series A funding round.

The round was led by Finch Capital, an early-stage venture capital fund with offices in London, Amsterdam and Singapore, which invested €500,000 in Webio.

The company said it will use the funding to accelerate its growth in the AI area, as well as on recruiting new staff.

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Ian Guider: G7 edict is a chance for Ireland to change course and develop some global champions of our own

Companies Ian Guider 2 days ago

Staycity expands in France and Germany in post pandemic push

Stobart Air to appoint liquidator after net liabilities triple to €68.5m

Companies Lorcan Allen 2 days ago