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Assertion certainty 4/5 debate potential 1/5

TrueAccord Crosses $75 Million in Total Recovered Debt Since 2014

Ohad Samet · 1515 TrueAccord Passes $10m in Revenue Helping Banks Recover $40m+ in Defaulted Payments Over last 12 months · Sep 17, 2019 · at 15:34

TrueAccord co-founder and CEO Ohad Samet quantifies the aggregate debt recovery volume generated by the company since its 2014 founding.

0:00 / 0:04exact quote · 4.5s
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“We are, we just crossed about seventy five million dollars in recovered money.”

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More from Ohad Samet

Assertion Not checkable as stated
TrueAccord claims an NPS of 60 in debt collection
“We have a net promoter score of 60.”
Ohad Samet Sep 17, 2019 ▶ 1:31 1515 TrueAccord Passes $10m in Revenue Helping Banks Recover $40m+ in Defaulted Payments Over last 12 months
Disclosure
TrueAccord Does Not Sue Debtors or Report to Credit Bureaus
“You know, we don't sue people. We don't report to credit bureaus.”
Ohad Samet Sep 17, 2019 ▶ 7:12 1515 TrueAccord Passes $10m in Revenue Helping Banks Recover $40m+ in Defaulted Payments Over last 12 months
Disclosure
TrueAccord charges a 25% to 30% cut on recovered debt
“It's about 25 to 30%. Depends on the age of the debt and kind of complexity and so on.”
Ohad Samet Sep 17, 2019 ▶ 12:57 1515 TrueAccord Passes $10m in Revenue Helping Banks Recover $40m+ in Defaulted Payments Over last 12 months
Disclosure
Samet: Upwork and Yelp use TrueAccord for debt collection
“We're being used by, we have Upwork that's doing services. They use us. We have Yelp.”
Ohad Samet Sep 17, 2019 ▶ 2:58 1515 TrueAccord Passes $10m in Revenue Helping Banks Recover $40m+ in Defaulted Payments Over last 12 months
Disclosure
TrueAccord charges flat monthly fees or a percentage of recovered debt
“With very small companies, we have a little bit of a monthly fee, but once you get to a certain size, it's mostly percentage of recoveries, yeah.”
Ohad Samet Sep 17, 2019 ▶ 9:24 1515 TrueAccord Passes $10m in Revenue Helping Banks Recover $40m+ in Defaulted Payments Over last 12 months
Disclosure
TrueAccord has raised almost $40 million in total capital
“Almost forty million dollars.”
Ohad Samet Sep 17, 2019 ▶ 11:59 1515 TrueAccord Passes $10m in Revenue Helping Banks Recover $40m+ in Defaulted Payments Over last 12 months
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