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§ Private Profile · New York City, NY, USA
Fintech company providing a tech-enabled debt collection platform for creditors, modernizing recovery of past-due and written-off debt.
January is a New York City-based fintech company that provides a tech-enabled debt collection platform, modernizing the recovery of past-due and written-off consumer debt through data-driven, borrower-centric approaches. The platform offers tailored payment plans and aims for superior compliance for creditors, including fintech lenders, credit unions, and banks. January has secured $22 million in total funding, notably raising a $12 million Series B round in December 2023 and a $10 million Series A in March 2022. The company reported $12.2 million in revenue and maintains a team of 58 employees. Its investor base includes firms such as Brewer Lane Ventures, IA Ventures, Third Prime Capital, and Tribe Capital. January was founded in 2016 by Jake Cahan. Its business model centers on charges contingency fees based on dollars collected on behalf of creditors.
January has raised $22.0M across 2 funding rounds.
January has raised $22.0M in total across 2 funding rounds.
January has raised $22.0M across 2 funding rounds. Most recently, it raised $12.0M Series B in December 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Dec 1, 2023 | $12M Series B | IA Ventures | Valar Ventures, Brewer Lane Ventures, Reciprocal Ventures, Shrug Capital, Third Prime, Upper90 | Announced |
| Mar 1, 2022 | $10M Series A | Brewer Lane Ventures | IA Ventures, Valar Ventures, Reciprocal Ventures, Third Prime, Tribe Capital | Announced |
January has raised $22.0M in total across 2 funding rounds.
January's investors include IA Ventures, Valar Ventures, Brewer Lane Ventures, Reciprocal Ventures, Shrug Capital, Third Prime, Upper90, Tribe Capital.
January is a New York-based fintech company founded in 2016 that provides an AI-driven platform for post-charge-off collections and debt recovery, helping creditors maximize recoveries while offering borrowers empathetic, digital tools for repayment, settlements, and financial stability.[1][2][5] It serves lenders, credit unions, banks, and debt buyers by streamlining communications via SMS, email, and a borrower portal, achieving 30% better performance than traditional agencies, a 4.7-star Google rating, and over 90% CSAT, while servicing over $10B in debt.[3][5] With around 111 employees and $22M in total funding, January emphasizes compliance, data intelligence, and humanity in consumer finance to expand credit access and build trust.[1][3]
January, formerly Debtsy, Inc., was founded in 2016 in New York City by CEO Jake Cahan and key leaders including Director of Operations Tyler Gillies, starting as a data-driven platform to fix broken aspects of consumer credit.[1][2][3][4] The idea emerged from recognizing inefficiencies in debt collections, evolving from outsourced collections mastery—focusing on scale across the debt lifecycle—to a full AI-enabled solution for personalized borrower engagement and creditor support.[1][5] Early traction came through building foundational AI infrastructure for compliance, recovery optimization, and consumer satisfaction, with pivotal growth via $22M in funding (including a $12M round) and partnerships like FairPlay in 2023 to enhance fairness in collections.[2][3]
January rides the fintech wave of AI-driven financial inclusion, transforming stigmatized debt collections into humane, compliant processes amid rising consumer debt and regulatory scrutiny.[1][5][6] Timing aligns with post-pandemic debt surges and AI adoption in finance, where market forces like evolving laws (federal/state/local) and demand for ethical collections favor its data-intelligence model over legacy agencies.[5] It influences the ecosystem by partnering with top lenders/credit unions, setting standards for "humanized" recovery (e.g., via FairPlay alliance), and enabling creditors to modernize strategies—boosting recoveries, satisfaction, and stability for millions in the $10B+ debt servicing space.[3][5][6]
January is poised to expand its AI platform across the full credit lifecycle, leveraging recent infrastructure for faster deployments in personalized debt resolution and predictive analytics.[1][2] Trends like AI regulation, rising fintech lending, and consumer demand for transparency will shape its path, potentially growing influence through more partnerships and scaling to rival top banks in volume.[5] As it outpaces competitors in performance and empathy, January could redefine collections as a trust-building advantage, sparking broader financial stability in a data-first economy—echoing its mission to humanize finance from day one.[1][5]