Debtresolve

Debt Resolve is a debtor-facing collection web portal that allows debtors to go online and resolve their past-due payments or balance.

Business Model:

Revenue: $7.3M

Employees: 51-200

Detailed Debtresolve Information

Geographic Data

Debtresolve headquarters map

Address: 577 Broadway

City: Massapequa

State: NY

Zip: 11758

Country: US

Financial Info

Stage:

post ipo equity

Raised Last:

$2M

Raised Total:

$800k

Metrics

0Website Global Rank

0Website Monthly Traffic

Twitter Followers

Description

Debt Resolve, Inc. provides an Internet-based bidding system for the collection of past due consumer debt to banks, lenders, credit card issuers, third party collection agencies and collection law firms, and purchasers of charged-off debt primarily in the United States. The company offers DebtResolve system, which enables its creditor clients to settle and collect defaulted consumer debts via the Internet, as an application service provider. Its DebtResolve system consists of a suite of modules that include DR Settle, which allows debtors to make offers or bids, what they can pay against their total overdue balances; DR Pay for online payments; DR Control for system administration; DR Mail, an email methodology; and DR Prevent for the settlement of consumer debt at earlier stages. The company also provides its services to auto loan grantors, telecoms, utilities, as well as to hospitals and large provider groups. It was formerly known as Lombardia Acquisition Corp. and changed its name to Debt Resolve, Inc. in May 2003. The company was founded in 1997 and is headquartered in Tarrytown, New York.

Contact Phone:

Contact Email:

Debtresolve went public on 11/1/2006 on the OTCBB

Listed Exchange:
OTCBB

IPO Date:
11/1/2006

Ticker Symbol:
DRSV

IPO Price:
$5/share

Amount Raised:
$13M

Live

Opened: -/share

EBITDA -
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Announced Date Company Transaction Money Raised
Announced Date Transaction Number of Investors Money Raised Lead Investors
8/2010 Post-IPO Equity $1.5M
3/2010 Post-IPO Debt $175k
1/2011 IPO $800k
Announced Date Name Price

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