Avtal, an Austin-based digital engagement platform designed for the debt collection industry, has raised $24 million across its seed and Series A funding rounds. The investment was led by S3 Ventures, with participation from NJP Ventures.
Founded in Austin, Avtal focuses on modernizing how collection agencies communicate and interact with consumers. Its platform is built to enhance recovery rates while delivering a more transparent and consumer-friendly experience through a fully compliant, white-labeled digital infrastructure.
The company enables agencies to engage consumers across multiple channels, including text, email, and digital payment portals, allowing individuals to resolve financial obligations on their own terms. This approach helps agencies scale outreach, reduce operational costs, and improve efficiency while maintaining strict adherence to consumer protection regulations.
“Consumers increasingly expect to resolve financial matters on their own terms,” said Khaled Bitar, CEO of Avtal. “Avtal helps agencies meet that expectation while staying compliant and improving recovery performance. With S3 Ventures’ and NJP Ventures’ partnership, we’re excited to scale our platform and continue to deliver a best-in-class consumer experience.”
Avtal partners with debt collection agencies across the United States, providing the underlying infrastructure for digital-first collections through integrated communication and payment solutions.
The newly raised capital will be used to expand the company’s engineering team and accelerate product development, supporting its mission to transform the future of digital collections.
