Avtal Inc.

Avtal Inc. , based in the US, specializes in providing software solutions that enhance the efficiency of debt collection agencies through an AI-powered platform integrating various communication methods. Based in Austin, US, founded in 2023, Avtal Inc. focuses on delivering innovative software for collection agencies.

The company was co-founded by Joe Gelbard and Khaled Bitar (CEO as of 2026). The company has undergone strategic pivots to refine its technology offerings, with a notable investment round in which Avtal aims to utilize the funds to enhance its engineering capabilities. In March 2026, Avtal Inc. raised a Venture funding of Series A funding led by S3 Ventures, with participation from NJP Ventures.

The round was part of a larger USD 24 million seed and series A funding. Avtal offers a comprehensive digital engagement service designed for collection agencies. Their primary offering is an AI-powered debt collection platform that integrates omnichannel communication methods, including email, text messaging, and a self-service portal. This platform enables collection agencies to effectively manage debts, significantly increasing liquidation rates by facilitating higher consumer engagement without necessitating additional staff.

Avtal’s solution has shown an effectiveness in accounts traditionally handled through phone calls and mail, boasting recovery increases between 50% to 75%. The company serves a diverse range of clients across various geographical markets, with a focus on the United States and plans to potentially expand into international markets. Avtal operates on a performance-based revenue model, charging clients a percentage of the amounts successfully collected through its platform. This structure aligns Avtal's financial success with that of its clients, ensuring fees are incurred only upon successful collections.

Clients benefit from a system without upfront costs, as there are no fees associated with the use of email, text, or the payment portal. The relationship between Avtal and its clients is rooted in a B2B framework, allowing collection agencies to leverage Avtal’s technology to enhance their operational outcomes. In March 2026, Avtal Inc. raised an undisclosed amount of seed funding led by new investor S3 Ventures, with participation from another new investor NJP Ventures.

The round was part of a larger USD 24 million seed and series A funding. The company will use the March 2026 funding to expand its engineering team and accelerate product development.