• Cambio

  Participated · Seed · Feb 2024

  Cambio builds AI phone bots that negotiate debt collections on behalf of consumers and, via an API called AviaryAI, places outreach and sales calls for banks, credit unions and insurers. The company began as a neobank in 2021 but pivoted after Y Combinator to focus on tools that help users improve credit and resolve collections. Cambio says its debt-negotiation offering helped around 70% of customers resolve collections and that seven out of 10 customers improved their credit scores within 60 days. The consumer app has reached nearly 90,000 users and the business model shifted from freemium to paid. Cambio is trialing its B2B API with early adopters including Envisant, Encurage Financial Network, Agenium and Skyla Credit Union, and plans to focus monetization efforts on the API while keeping the consumer app. The company also emphasizes legal compliance and quality-control measures for its bots, and reports AI-call pickup and success rates comparable to human callers. Cambio is a mobile app serving consumers with credit scores below 650, helping them resolve bad credit items, build credit through a 0% interest loan, and access affordable refinancing opportunities. Members receive daily guidance and updates to navigate the complex U.S. credit system. The company positions itself as addressing roughly 100 million consumers with debt in collections and aims to help non-banking Americans save money and rebuild finances. Cambio says it grew from an idea to a movement where people can invest in themselves and escape the pain of damaged credit. The company plans to use Y Combinator's resources to accelerate growth and impact following its acceptance into YC's Summer 2022 cohort. Cambio is based in Chicago and is led by CEO and founder Blesson Abraham.

No current team members are available.