AI Startup Cambio Pivots to Sell Debt Negotiation API to Banks After Consumer App Success
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Cambio is a YC-backed startup that uses AI bots to negotiate debt collections on behalf of consumers. 70% of customers resolved collections and improved credit.
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Cambio pivoted to sell its debt negotiation API to banks and credit unions to assist with sales and outreach calls.
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The AI bots identify themselves on calls, provide paperwork, and can bounce to a human if needed. Success rates match human teams.
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Cambio raised a $3M seed round from investors including Builders, DVC, Goodwater Capital, and YC.
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The consumer app remains, but monetization will focus on the B2B API for banks and financial institutions.