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CollectWise, backed by Y Combinator, seeks Founding Account Executive

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Key points

  • CollectWise uses generative AI for debt collection.
  • The startup plans to scale revenue to $10 million.
  • Search for a Founding Account Executive is underway.

Overview of CollectWise

CollectWise is a Y Combinator-backed startup specializing in automating debt collection using generative AI. The company operates within a $35 billion market in the US, claiming that its AI agents can outperform human collectors by 2X at a lower cost.

With just five team members, CollectWise has quickly reached a $2 million annualized run rate, indicating strong market traction and financial backing.

Reason for Hiring

The founder has managed all sales Calls personally and has closed millions in revenue, indicating significant demand for their services.

To address capacity issues rather than a lack of sales opportunities, CollectWise is now hiring a Founding Account Executive to help scale operations more effectively.

Role and Responsibilities

The new hire will be responsible for managing the entire sales funnel, from initial contact to closing, for high-value deals. They will also conduct product demonstrations and actively generate leads through various channels, including outbound outreach and industry events.

Collaboration with the founder to streamline messaging and refine sales processes is also part of the role, as the company seeks to establish sustainable growth.

Candidate Requirements

Ideal candidates should have over three years of experience in complex B2B sales, preferably with a proven record in scaling revenue from under $1 million to over $10 million.

Experience in enterprise SaaS, fintech, or AI sectors is highly desirable, along with a track record of exceeding sales quotas.

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Reporting from

CollectWise is hiring a Founding Account Executive to scale its generative AI debt collection startup. This move comes as the company aims to increase annual revenue from $2 million to $10 million, driven by high demand and a lack of sales capacity.