News

June 29, 2022

Debt collection? There’s now a fintech for that

As borrowing hits an all-time high and household finances dip, Ophelos says it’s reimagining the debt collection industry


Amy O'Brien

3 min read

Paul Chong and Amon Ghaiumy, Ophelos cofounders

We all know what bailiffs are, but who’d have guessed there would one day be a fintech equivalent? Enter Ophelos, which just raised a £5m seed round to “revolutionise the debt collection industry in the UK”. It’s an uncomfortable and often controversial topic, but as inflation squeezes household finances, investors say debt collection is more relevant now than ever. 

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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