MALVERN, PA — AKUVO, a provider of collections and risk management software for financial institutions, announced a strategic investment from Vista Equity Partners to accelerate its artificial intelligence strategy and expand its platform capabilities.
The investment will fund the development of advanced AI-driven tools, including agentic AI features, designed to help banks and credit unions better analyze borrower data, predict repayment behavior, and engage customers through personalized outreach. AKUVO’s platform is currently used by more than 150 financial institutions nationwide.
“This partnership with Vista is a transformative step for AKUVO and a major leap forward for the industry,” said Jay Mossman, Founder and CEO of AKUVO. “AI isn’t just a buzzword—it’s the key to helping financial institutions act faster, work smarter and deliver better results.”
Vista invested through its Endeavor Fund, which targets high-growth enterprise software firms with at least $10 million in recurring revenue. Rachel Arnold, Co-Head of the Endeavor Fund, said AKUVO has built “a highly intuitive solution that combines automation, analytics and compliance functionality,” adding that Vista is eager to support its next phase of growth.
The deal has backing from existing investors, including Michigan State University Federal Credit Union, which called the move a tactical step toward delivering measurable improvements in risk management and member service.
With Vista’s support, AKUVO expects to fast-track its roadmap, building on its vision of combining automation and analytics to deliver stronger portfolio performance and greater efficiency for lenders navigating shifting consumer behavior, regulatory challenges, and economic uncertainty.
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