
DebtProtect offers a bad debt solution for landlords, purchasing residential and commercial bad debt directly from them when a tenant moves out. They guarantee a fixed purchase rate for 12 months, which is at least 15% higher than current collection agencies' recovery rates. This model provides landlords with faster and higher recovery of funds compared to traditional collection methods. The company's mission is to eliminate the need for collection agencies by buying bad debt upfront, offering a streamlined process that includes providing a proposal with guaranteed rates and a simple e-signing of agreements.

DebtProtect offers a bad debt solution for landlords, purchasing residential and commercial bad debt directly from them when a tenant moves out. They guarantee a fixed purchase rate for 12 months, which is at least 15% higher than current collection agencies' recovery rates. This model provides landlords with faster and higher recovery of funds compared to traditional collection methods. The company's mission is to eliminate the need for collection agencies by buying bad debt upfront, offering a streamlined process that includes providing a proposal with guaranteed rates and a simple e-signing of agreements.
Product: AI for residential risk management (tenant underwriting and stress-testing)
HQ: New York, New York, United States
Stage: Pre-Seed
Recent raise: Pre-Seed on 2021-07-23
Residential risk management and tenant underwriting for landlords and property managers.
PropTech / Real Estate
Most recent recorded pre-seed round
Additional pre-seed round recorded (date and amount not specified in evidence)
“Raised pre-seed funding from investors including Watertower Ventures and Almaworks”