Collekto

About Collekto

Collekto, founded in 2018 by Gurjot Singh and Bipul C Naithani, is a fintech company based in Mumbai, India, that specializes in retail debt collections and stressed asset reconstruction. The company, legally known as Pernimius Financial Technologies Pvt Ltd, provides a combined 'Product+Service' solution to lending institutions and empowers collection agencies with modern technology. The platform is designed to streamline the debt collection process, enhance efficiency, and reduce turnaround times for settling delinquent accounts.

Co-founder and CFO Gurjot Singh has over 13 years of experience in finance with companies like IIFL and Reliance Capital, focusing on fund raising, deal structuring, and financial risk management. Co-founder and CEO Bipul C Naithani also serves on the board alongside Singh. The founders maintain a majority stake in the company.

Collekto serves lending institutions and collection agencies across India. Its business model combines offering its integrated technology platform as a product with providing a full suite of collection services, including tele-calling, field collection, and litigation support. The company also facilitates the acquisition of delinquent portfolios. Collekto's platform utilizes a deep reinforcement learning algorithm to optimize collection strategies and features tools like a predictive dialer, CRM, real-time monitoring dashboards, call recording, and data analytics to provide actionable insights. For clients, this results in improved collection efficiency, reduced overheads, and greater transparency throughout the process. The company has a network of over 100 agencies in more than 30 locations. In June 2022, Collekto raised $128K in a seed funding round led by SEP Ventures.