AI-Powered Debt Collection Startup Murphy Secures $15 Million in Funding

Murphy, an innovative AI startup revolutionizing debt servicing, has emerged from stealth mode after raising $15 million in pre-seed and seed funding. The company aims to transform the traditionally slow and fragmented debt collection industry with its AI-native platform featuring autonomous agents.

The funding round was spearheaded by Northzone, with additional backing from ElevenLabs, Lakestar, Seedcamp, and existing investors. Murphy plans to use this capital to accelerate its expansion across Europe and the United States.

The startup’s cutting-edge technology combines AI voice agents, omnichannel outreach, and behavioral personalization to streamline debt recovery processes. This approach enables Debt Collection Agencies (DCAs) and enterprises to manage non-performing loans more efficiently, operating 24/7 in over 30 languages.

Borja Sole, co-founder and CEO of Murphy, explained, “Our AI-native infrastructure replaces traditional call centers with a scalable, multilingual solution. It helps companies recover more, faster, and more cost-efficiently, while staying compliant and treating debtors with respect.”

Since its launch less than a year ago, Murphy has already made significant strides in the industry. The company currently manages hundreds of millions of dollars in debt for leading financial institutions, telecommunications providers, and mobility companies across Europe. Its technology has demonstrated superior recovery rates and substantial reductions in operational costs compared to conventional methods.

Jeppe Zink, Partner at Northzone, commented on the investment, “Debt servicing is a $300+ billion global industry that is ripe for disruption. Murphy is uniquely positioned to transform this space with their experience and relentless development speed.”

Founded in late 2024 by Borja Sole and Marc Sanchez, Murphy brings together expertise from fintech, AI engineering, and B2B SaaS. The recent funding will enable the company to scale its product, expand its technical and go-to-market teams, and support rapid international growth.

As Murphy continues to disrupt the debt servicing landscape, its AI-driven approach promises to unlock significant value for businesses struggling with non-performing loans while maintaining compliance and respect for debtors.