Among today’s most dynamic business sectors, collections on behalf of third parties are not going unnoticed. This vitality is not new, but the crisis has probably accentuated it.

Whether we’re talking about traditional collection agencies or new players, the market is booming. It innovates, recruits and responds to growing needs. So let’s take a look at the emulation that’s driving the sector.

New players, new offers

An analysis of the debt collection market and its evolution reveals that competition is becoming increasingly fierce. In addition to independent collection agencies, there are alsofactoring companies, credit insurers, banking groups… And, of course, companies still do much of their own debt collection.

More recently, we’ve also seen the emergence of a new breed of actors. Many start-ups have entered the market in recent years.

These fintechs are in a way democratizing the collections market, and 6 other fintechs have joined forces to create Smart Recouvrement. The aim of this initiative is to help small businesses manage their cash flow by providing them with a coherent set of complementary and innovative solutions.