Fundraising Fox

Akuvo

Malvern, US · Founded 2019 · Pennsylvania LLC · 91 employees on LinkedIn · 3 known investors

AKUVO is a cloud collections and portfolio-analytics platform for banks, credit unions and fintechs.

Also known as AKUVO

Founders & leadership

SC
Steven CastagnaExecutive
MP
Mark PriceExecutive
GA
George A. Mossman IIINamed on SEC filing

Board

JH
James HunsangerBoard director
CC
Charles ChungBoard director
GM
Guy MessickBoard director
PE
Pamella EasleyBoard director

Investors · 3

Reported raises · per SEC filings

Form D private placements

$16M disclosed across 3 rounds · 2021–2025

$3MraisedApr 2025 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • James HunsangerDirector
  • George A. Mossman IIIExecutive Officer, Director
  • Charles ChungDirector
  • Guy MessickDirector
  • Steven CastagnaExecutive Officer, Director
  • Mark PriceExecutive Officer, Director
Offering amount
$3M
Amount sold
$3M
First sale
Mar 2025
Incorporated
Limited Liability Company, Pennsylvania
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$10MraisedApr 2023 · 14 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Pamella EasleyDirector
  • Guy MessickDirector
  • Mark PriceExecutive Officer, Director
  • George A. Mossman IIIExecutive Officer, Director
  • Steve CastagnaExecutive Officer, Director
  • James HunsangerDirector
  • Charles ChungDirector
Offering amount
$10M
Amount sold
$10M
First sale
Mar 2023
Incorporated
Limited Liability Company, Pennsylvania, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗
$3MraisedMar 2022 · 23 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Guy MessickDirector
  • Steve CastagnaExecutive Officer, Director
  • George A. Mossman IIIExecutive Officer, Director
  • Charles ChungDirector
  • Mark PriceExecutive Officer, Director
Offering amount
$5.1M
Amount sold
$3M
First sale
Sep 2021
Incorporated
Limited Liability Company, Pennsylvania, 2019
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

AKUVO, based in Malvern, Pennsylvania, develops collections software and portfolio analytics for financial institutions. Its platform covers the full delinquency lifecycle — early intervention, mid-cycle prioritization, late-stage recovery and specialty processes such as repossession and bankruptcy handling — within a single system that supplies collectors with playbooks, account data and engagement tools to determine a next action.

The product combines workflow automation, data-driven account prioritization and AI-assisted engagement. An in-product assistant surfaces an account-holder snapshot (delinquency amount and days past due, linked deposit accounts, funds available for offset, payment history, promises, activities and scores) and recommends next steps for collectors. The company also markets an analytics component branded iQ and positions its approach under the label "Intelligent Collections."

Business model

Software sold to financial institutions in packages, supported by partner integrations with core and financial-technology providers.

Traction

The company reported 16 new customers in the second quarter of 2026. Published customer outcomes include Publix Employees FCU reducing delinquency by $363,000 in one month (a 15% drop in 60-day past-due balances), USF Federal Credit Union reporting a 60% increase in collector productivity within eight weeks of go-live, and CFCU Community Credit Union capturing $1 million in monthly promises and cutting collector onboarding time by 75%. AKUVO also cites a 2x collector efficiency multiplier, 13x faster repossession processing, digital collection cost of $0.01 per dollar collected, and account research reduced from 30–40 minutes to 8 seconds.

Latest developments

On July 27, 2026, AKUVO announced 16 new customers added in Q2 2026. The company also announced work with COCC and scheduled its 2026 AKUVO Community Conference for September 14–16, 2026 in National Harbor, Maryland.

Full profile — market position, technology, go-to-market, geography

Market position

Serves a customer base that includes regional banks such as Prosperity Bank, Busey Bank, Sunrise Banks, Tri Counties Bank, Shore United Bank and Beneficial State Bank, and credit unions including Mountain America, VyStar, Idaho Central, GreenState, PSECU, Redstone, Coastal, Veridian and Broadview.

Technology

A single platform spanning all stages of delinquency, with automation, prioritization scoring, AI-powered engagement and an assistant that aggregates account-holder data, insights and recommended next actions; an analytics offering is branded iQ.

Go-to-market

Direct sales with demo requests, partner channels, an annual AKUVO Community Conference for customers, published customer case studies, and a heavy industry-event presence including Finovate Fall, Money 20/20, Auto Finance Summit, Experian Vision, Jack Henry Connect and multiple credit union association conferences.

Banks, credit unions and fintech lenders managing consumer delinquency and recovery.

Geography

Headquartered in Malvern, Pennsylvania, serving banks and credit unions across the United States.

Compiled by commissioned research from 1 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Account research timeJan 20268 seconds, reduced from 30-40 minutes
CFCU Community Credit Union monthly promises capturedJan 2026$1M
CFCU Community Credit Union reduction in collector onboarding timeJan 202675%
Collector efficiency multiplierJan 20262x
Cost per dollar collected digitallyJan 2026$0.01
New customers added in Q2 2026Jul 202616 customers
Publix Employees FCU delinquency reduction in one monthJan 2026$363K
Repossession processing speed improvementJan 202613x
USF Federal Credit Union collector productivity increaseJan 202660%

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Competitors · 2

by search overlap

Companies competing with Akuvo for the same Google search keywords, organic and paid, via search-intersection analysis.

Timeline · 2

launches, deals, and filings
Sep 2026
2026 AKUVO Community Conference

AKUVO scheduled its annual customer conference for September 14-16, 2026 in National Harbor, Maryland.

source ↗

Jul 2026
AKUVO announces 16 new customers in Q2 2026

AKUVO announced it added 16 new banking and credit union customers during the second quarter of 2026.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Legal entities · 1

corporate structure
AkuvoPennsylvania

In the news

Research sources · 1

primary sources listed

1 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Akuvo do?
AKUVO is a cloud collections and portfolio-analytics platform for banks, credit unions and fintechs.
Who are Akuvo's investors?
Akuvo's investors include Curql Collective, LLC, Next Level Ventures, Vista Equity Partners.
How much funding has Akuvo raised?
Akuvo has disclosed $16M raised across 3 rounds.
Where is Akuvo headquartered?
Akuvo is headquartered in Malvern, US.