Scratch: San Francisco-based start-up launches its digital loan servicing platform
- Focus on transforming the antiquated business of getting America’s $13 trillion household debt repaid
- Scratch platform, which includes APIs, gives borrowers a web application for understanding, managing and paying back their loans while providing lenders real-time portfolio insights
- Automates the back-office “complexities” of loan management
- Its technology is designed to simulate and unwind any loan transaction, loan accounting, treasury management, or reporting
- Investors include Index Ventures, Ribbit Capital, Founders Fund, Nyca Partners and CFSI JP Morgan Chase
