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Symend — a leading digital engagement platform that uses behavioral science and facts-driven insights to empower customers to resolve late expenses — introduced it has raised a $43 million extension to its $52 million collection B raised in may additionally 2020
Symend — a number one digital engagement platform that makes use of behavioral science and statistics-pushed insights to empower clients to unravel overdue bills — introduced it has raised a $43 million extension to its $52 million collection B raised in may additionally 2020. The sequence B+ funding circular was led by using Inovia Capital with participation from a consortium of traders, bringing Symend’s complete funding to date to over $a hundred million.
Kavelman is additionally a former Blackberry govt and present member of Symend’s board of administrators. And Symend welcomed two extra board members in 2020 together with John Connors, Managing partner at Ignition partners and former Microsoft executive, and Matthew J. Schiltz, former CEO at Conga and DocuSign. And Connors and Schiltz joined the board alongside Eric Updyke, CEO at Spirent Communications, and Maor Amar, Managing associate at influence Ventures.
Symend’s platform is goal-constructed to serve advanced corporations in telecommunications, financial capabilities, utilities, and media across North the united states and is on course to tremendously extend its customer roster globally in 2021. And Symend recently opened an office in Australia to serve the Asia-Pacific (APAC) market, with plans to expand into Latin the us (LATAM) and Europe, the middle East and Africa (EMEA).
Symend at present serves two-thirds of the main telecommunications providers in North america and is efficaciously serving a multinational bank, without delay gaining traction with different essential players in financial features.
And Symend validated the need for its solution along the total customer journey via featuring customers with rapid response capabilities through the COVID-19 pandemic. by using relieving drive from name centers overwhelmed through inquiries from uncertain shoppers, Symend created capacity for valued clientele to reply to evolving consumer needs once they needed it most.
in the past yr, Symend’s group of behavioral scientists, information scientists, and information analysts have vastly reinforced its buyer records platform — which is foundational to its engagement platform. and thru rigorous experimentation, Symend is always constructing an in depth library of proven behavioral-based engagement innovations fashioned via in-depth customer insights to perpetually optimize conduct. this could e book Symend’s product portfolio enlargement as it additional develops techniques in consumer retention and acquisition.
Symend has rapidly accelerated recruitment, turning out to be from 50 people to over 225 in 2020 and expects to double in dimension in 2021. And the swift boom of the group is led by using Calgary success story Benevity’s former Chief americans Officer Vivian Farris — who joined Symend in September 2020. so as to guide the enlargement and restructuring of product and know-how within the company, Symend attracted a few senior executives from primary hubs together with the San Francisco Bay area, Seattle and Chicago.
Corey Scobie changed into appointed Symend’s Chief know-how Officer following growth software’s $220 million acquisition of Chef utility. And PehKeong Teh, up to now SVP, marketing Cloud at Salesforce, changed into appointed Chief Product Officer. Matt LaHood, previously VP and Head of customized Analytics for the Americas at FICO, became appointed SVP of Science and Analytics functions, main behavioral science, facts science, and analytics.
“we are massive believers in Symend’s mission so as to add lasting price to corporations, through helping their valued clientele stay away from collections. Their strategy is differentiated and valuable since it combines behavioral science and facts science to drive a personalized approach for every customer. With this new investment, Symend is smartly funded to execute its strategy of scaling globally, and to partner with giant businesses in lots of industries.”
— Dennis Kavelman, companion at Inovia Capital
“Given the challenges that provider providers have confronted right through the pandemic, they are seeing a massive uptick in organisations which are dedicated to investing in solutions a good way to make certain they are enhanced prepared for the future, improved the lives of their valued clientele, and force enhanced enterprise outcomes for their core operations all over both first rate and challenging instances.”
— Hanif Joshaghani, CEO at Symend
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