About Convoke
Convoke is a company based in San Francisco (United States) founded in 2006 was acquired by Acadian Software in June 2017. It operates as a SaaS (Software-as-a-Service). Convoke has raised $8.16 million across 3 funding rounds from investors including Flybridge Capital Partners, QED Investors and Acadian Software. Convoke offers products and services including Convoke Origin, Convoke Pulse, Convoke CRM, Convoke Freeform, and Convoke Signal. Convoke operates in a competitive market with competitors including CreditNirvana, Valon Mortgage, InDebted, Clerkie and Data Sutram, among others.
- Headquarter San Francisco, United States
-
Sectors
Financial Services
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Convoke Systems
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$8.16 M (USD)
in 3 rounds
-
Latest Funding Round
$887.88 K (USD), Series B
Apr 24, 2012
-
Investors
Flybridge Capital Partners
& 2 more
-
Employee Count
Employee Count
-
Acquired by
Acadian Software
(Jun 01, 2017)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Convoke
Convoke offers a comprehensive portfolio of products and services, including Convoke Origin, Convoke Pulse, Convoke CRM, Convoke Freeform, and Convoke Signal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A platform for managing third-party recovery operations.
A tool for monitoring recovery vendor performance.
A system for managing recovery-related customer interactions.
A secure solution for sharing recovery files.
A tool for signaling recovery strategy adjustments.
A platform for connecting with recovery channels.
Unlock access to complete
Unlock access to complete
Funding Insights of Convoke
Convoke has successfully raised a total of $8.16M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $887.88 thousand completed in April 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $887,884
-
First Round
First Round
(25 Jul 2010)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2012 | Amount | Series B - Convoke | Valuation |
investors |
|
| Aug, 2010 | Amount | Series B - Convoke | Valuation |
investors |
|
| Jul, 2010 | Amount | Series B - Convoke | Valuation | Flybridge Capital Partners , QED Investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Convoke
Convoke has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Flybridge Capital Partners, QED Investors and Acadian Software. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Early-stage tech startups are funded by Flybridge Capital Partners.
|
Founded Year | Domain | Location | |
|
Venture capital fund investing in early-stage start-ups
|
Founded Year | Domain | Location | |
|
Investment capital is provided by Acadian Software for SaaS businesses.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Convoke
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Convoke
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Convoke Comparisons
Competitors of Convoke
Convoke operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as CreditNirvana, Valon Mortgage, InDebted, Clerkie and Data Sutram, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI/ML-driven debt management platform is offered for financial institutions.
|
|
| domain | founded_year | HQ Location |
Cloud-native marketplace for mortgage loans
|
|
| domain | founded_year | HQ Location |
Cloud-based debt collection solutions are offered to businesses.
|
|
| domain | founded_year | HQ Location |
Platform for loan servicing and credit score building through debt management
|
|
| domain | founded_year | HQ Location |
Platform offering external data insights for enterprises across the customer lifecycle
|
|
| domain | founded_year | HQ Location |
Data-driven debt management solutions are offered for multiple industries.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Convoke
Frequently Asked Questions about Convoke
When was Convoke founded?
Convoke was founded in 2006 and raised its 1st funding round 4 years after it was founded.
Where is Convoke located?
Convoke is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Convoke a funded company?
Convoke is a funded company, having raised a total of $8.16M across 3 funding rounds to date. The company's 1st funding round was a Series B of $5.96M, raised on Jul 25, 2010.
What does Convoke do?
Convoke is established as a central, secure hub for managing third-party recovery vendors. Solutions are offered to credit issuers, including large banks, online lenders, auto lenders, and credit unions. Support is provided for various collection channels such as debt sales, agency collections, and legal collections. Tools and expertise are utilized to enhance recovery efforts through strategic placement, sale, or settlement. The platform is trusted by leading credit lenders and vendors worldwide, focusing on modernizing third-party recovery approaches in the financial sector.
Who are the top competitors of Convoke?
Convoke's top competitors include CreditNirvana, Valon Mortgage and InDebted.
What products or services does Convoke offer?
Convoke offers Convoke Origin, Convoke Pulse, Convoke CRM, Convoke Freeform, and 2 more products and services.
Who are Convoke's investors?
Convoke has 3 investors. Key investors include Flybridge Capital Partners, QED Investors, and Acadian Software.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.