VIRTEO is an online platform allowing credit managers of large corporates to work directly with many lawyers, court bailiffs and recovery agencies in an efficient, transparent and compliant process.
The debt collection industry, worth about 10 billion Euro in the EU, rarely has a positive image. Customers lack the control tools to monitor and control the -sometimes aggressive- and untransparent practices used by their external collection partners (lawyers, collection agencies, bailiffs) and the goal (recovering the unpaid invoice) is often in contradiction with a socially responsible approach. The process is usually not or partially integrated and the follow up is labor-intensive for the creditor.
VIRTEO not only provides customers with a better integrated process and results, but also provides better control over the debt collection practices used by their external partners. We provide the customer with the tool and the insights to enforce and monitor their CSR policy, while improving results and reducing costs at the same time.
VIRTEO has a large and growing user community of court bailiffs, lawyers and collection agencies, and supporting customers in public, retail, finance, transport, telco and services.
The debt collection industry, worth about 10 billion Euro in the EU, rarely has a positive image. Customers lack the control tools to monitor and control the -sometimes aggressive- and untransparent practices used by their external collection partners (lawyers, collection agencies, bailiffs) and the goal (recovering the unpaid invoice) is often in contradiction with a socially responsible approach. The process is usually not or partially integrated and the follow up is labor-intensive for the creditor.
VIRTEO not only provides customers with a better integrated process and results, but also provides better control over the debt collection practices used by their external partners. We provide the customer with the tool and the insights to enforce and monitor their CSR policy, while improving results and reducing costs at the same time.
VIRTEO has a large and growing user community of court bailiffs, lawyers and collection agencies, and supporting customers in public, retail, finance, transport, telco and services.
Location: Belgium, Antwerp, Mechelen
Employees: 11-50
Total raised: $2.37M
Founded date: 2013
Investors 1
| Date | Name | Website |
| - | 4Ventures | 4ventures.... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 07.12.2016 | - | $2.37M | - |
Mentions in press and media 4
| Date | Title | Description |
| 08.01.2024 | Is Ethical Debt Collection the Future of FinTech and Financial Services? | Key Takeaways: Virteo NV is redefining the concept of debt collection, marking a significant shift from traditional practices. The company’s SaaS platform seeks to make debt collection processes fluent, transparent, and ethically compliant.... |
| 08.12.2016 | Term Sheet — Thursday, December 8 | ET CETERA KKR has raised $711 million for a new growth equity technology fund called Next Generation Technology Growth Fund. A few notes based on a back-and-forth with David Welsh, the partner leading the effort who joined KKR in October fr... |
| 08.12.2016 | Virteo Raises over €2.2M in Funding | Virteo, a Mechelen, Belgium-based fintech startup, raised over €2.2m in funding. Backers included ParticipatieMaatschappij Vlaanderen (PMV), which supplied half the capital, Sherpa Invest 2 and the Ark Angels Activator Fund (AAAF), which ea... |
| 07.12.2016 | Belgian startup Virteo raises €2.2 million for software to collect on unpaid invoices | Belgian fintech company Virteo has raised €2.2 million in a Series A funding round. Investors include the Flemish fund PMV, which contributed half the amount, together with Sherpa Invest and Ark Angels Fund Activator, which contributed a qu... |