Cambio
Cambio is a fintech company based in Chicago, specializing in credit recovery and lending services. It offers a mobile app and AI-driven solutions to help improve consumers' credit scores and financial health.
Company Overview
Cambio is a Fintech company operating in the Credit and Lending sub-industry. With locations in Chicago, IL, USA, and remote operations, Cambio offers services across the United States and Canada. The company is part of the Y Combinator S22 batch and maintains a small team of 4 members. Cambio provides a mobile app to assist financially responsible consumers with credit recovery by identifying and resolving negative items on their credit reports.
Credit Recovery Services
Cambio offers a suite of services aimed at helping users improve their credit scores. These include fixing errors on credit reports, settling and removing bad debt, and offering refinancing opportunities for high-interest auto loans. The company uses AI-powered technology to provide proactive member services, such as identifying and resolving negative items on credit reports. On average, 7 out of 10 members see their credit scores increase by 32 points in the first 30 days.
AI-Powered Technology
Cambio leverages AI technology to enhance its credit recovery services. The company employs human-like voice agents for member outreach, allowing the team to focus on more impactful initiatives. These AI agents are powered by large language models (LLMs) trained on thousands of top sales team call recordings to increase conversion rates. Additionally, Cambio utilizes independent LLMs to monitor voice agent performance, ensuring proper call escalation and auditing.
Mobile App Features
Cambio's mobile app is designed to help users repair their credit by identifying and resolving negative items on their credit reports. The app provides tools for planning, negotiating, and resolving collections. It is supported by AI technology that interacts quickly with creditors to improve users' financial health. The app aims to accelerate credit recovery, enabling users to achieve their financial objectives, such as lowering loan payments or purchasing their first home.
Media Coverage
Cambio has been featured in several prominent publications, including Forbes, Google, TechCrunch, and MarketWatch. This media coverage highlights the company's innovative approach to credit recovery and financial health through its AI-powered solutions and mobile app.