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AI Startup Murphy Raises $15M

Account Recovery

Why it matters: Murphy is one of the latest startups leveraging autonomous AI agents to modernize the $300+ billion global debt collection industry, which […] Barcelona-based Murphy has raised $15 million in a funding round led by Northzone to scale its artificial intelligence-based debt collection platform.

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Tech Roundup: Focus on AI

Account Recovery

Why It Matters: AI remains the fastest-growing area of business software spending, with startups in the space seeing a surge in adoption and investment. Despite some initial concerns about an AI bubble, businesses are continuing to invest heavily in generative AI, with significant implications for the credit and collection industry.

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Avtal, Inc. Appoints John McNamara as Chief Growth Officer

Account Recovery

June 24, 2025 – Avtal, a fast-growing digital communications technology startup specializing in receivables management, today announced the appointment of John McNamara as Chief Growth Officer. WASHINGTON, D.C., McNamara previously served as Principal Assistant Director of Markets at the Consumer Financial Protection Bureau (CFPB).

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Yale Levy Joins SoloSuit to Lead Growth of SoloSettle

Account Recovery

SoloSuit, a legal tech startup helping consumers resolve debt collection lawsuits, has named Attorney Yale R. Levy as Director of Client Development.

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Do Big Tech Layoffs Make it Harder for Businesses to Collect What They’re Owed?

The Kaplan Group

Startups, while more resilient to layoffs, may have limited reserves. Company Stage Matters Public and private equity–backed companies led in large layoffs. These firms may have more resources, but their restructuring can still disrupt payment patterns. This can also increase collections risk if their funding environment tightens.

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How Neglecting Corporate Formalities Puts Business Owners at Risk

Jimerson Firm

For Florida startups and small businesses, maintaining momentum often means prioritizing action over administration. Why Startups and Fast-Growing Small Businesses Are Most at Risk New businesses often bypass formalities to save time or costs. Your business should have its own bank accounts, credit cards, and accounting systems.

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InDebted Appoints Nic Chin as CFO

Account Recovery

He succeedsLachlan Heussler, who will transition into an advisory role after six transformative years as CFO, during which he played a key role in InDebteds trajectory from early-stage startup to global fintech. “As an early client, investor, and valued team member, he believed in us from day one.