Virteo

Virteo operates in the financial technology sector, providing an integrated platform designed to optimize debt collection processes for businesses. The platform serves a variety of clients including lawyers, court bailiffs, and collection agencies, offering them a unified system to manage and benchmark their collection activities. By centralizing all service providers on a single platform, Virteo enables true Key Performance Indicator (KPI) comparisons, reduces IT costs, and ensures data privacy compliance. The platform offers insights into all costs, including debtor costs, and evaluates the practices applied by collection partners, leading to considerable performance gains and faster cash recovery. Virteo's business model revolves around subscription fees and transaction-based charges, making money by providing a comprehensive solution that balances efficient debt collection with strong customer relationships. The company operates in the debt recovery market, focusing on improving net recovery rates and reducing unnecessary steps and costs in the collection process.

Keywords: debt collection, financial technology, KPI benchmarking, cost efficiency, data privacy, subscription model, transaction fees, performance gains, cash recovery, unified platform.