Recordent is a technology platform helping businesses improve collections by credit profiling their customers; and reducing risk by providing insights into the payment history of prospective customers. Recordent’s platform enables businesses to submit their customer dues/invoices on a regular basis to collect payments faster and on time. Inspired from the Credit Bureau model, Recordent informs customers on how their positive payment track record can be viewed by other businesses & lenders to offer better terms on credit or a loan; thus, motives and creates an urgency to pay dues sooner than later.
Recordent’s data aggregation engine helps businesses in making informed decisions before offering credit or a loan by providing credit reports on individuals and commercial entities. These reports provide information on customer’s payment behavior towards loans and credit availed in the recent past..
Total Funding: $400 K
Funding Stage: Funded
Business Stage: Scaling Up
Market: B2B
Company Size: 1 to 25
Founded: 2018
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