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YC-backed Cambio puts AI bots on the phone to negotiate debt, talk to a bank’s customers
A Y Combinator-backed startup called Cambio is bringing AI to the banking world in a surprising way: it's putting AI bots on the phone with companies and
After the exit, Abraham came up with the idea to help people who were struggling to improve their finances with a banking app — something he understood personally, as he went into debt when initially founding his last startup. Cambio found initial success going this route, as 7 out of 10 customers improved their credit scores within 60 days of placing the call with the AI bots. “Banks, credit unions, and even our first set of clients are actually insurance companies — I picked the trifecta of highly regulated industries,” Abraham points out.
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