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.

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