Katabat Platform to Support SoFi Omnichannel Personal Loan Collections

Katabat, a leading global supplier of debt management software solutions, today announced that SoFi, a leading personal finance company in the U.S., has selected Katabat as its technology partner. SoFi will leverage Katabat’s industry-leading Restore collections platform, to deliver an omnichannel experience for consumer collections. 

“Katabat’s combined debt management and customer experience technology stack affords us the power and flexibility to help our members, as well as SoFi team members they are working with, resolve past due loans fast,” said Justin Parker, Senior Director of Loan Servicing, Collections and Recovery, SoFi. “This aligns in many ways with SoFi’s mission to help members get their money right.”

Katabat’s SaaS solution provides SoFi a set of powerful tools that includes easy-to-use customer segmentation and workflow capabilities, as well as a highly flexible agent desktop and member websites, all designed to deliver a fully integrated member experience.  

“SoFi is a premier digital lender with a unique value proposition. We are delighted that they have selected Katabat’s solution to enhance digital collections by meeting members where they are at,” said Ray Peloso, Katabat CEO. “Our digital and omnichannel solutions provide forward-thinking lending companies like SoFi the flexibility and control they need to drive the right experience, reduce costs, and improve collections and the overall member experience.”

About Katabat

With more than a decade of experience delivering debt collection solutions to global banks and debt collection agencies, Katabat combines collections and machine learning expertise to help clients engage with customers and increase collections. Katabat partners with lenders and collectors across multiple industries to stay at the cutting edge of debt management, machine learning, automation, regulatory compliance, and data security. To learn more about our full range of debt management products, contact Katabat at info@katabat.com.

About SoFi

SoFi helps people achieve financial independence to realize their ambitions. Our products for borrowing, saving, spending, investing, and protecting give our more than 900,000 members fast access to tools to get their money right. SoFi membership comes with the key essentials for getting ahead, including career advisors and connection to a thriving community of like-minded, ambitious people. SoFi is also the naming rights partner of SoFi Stadium, future home of the Los Angeles Chargers and the Los Angeles Rams, opening in July 2020. For more information, visit SoFi.com or download our iOS and Android apps.