Today is an exciting day for Oliver. In an announcement this morning, Wells Fargo named Oliver one of the newest companies to join the Wells Fargo Startup Accelerator, which helps advance emerging technologies like ours that are working to create breakthrough solutions for the financial services industry. The program, which began in 2014, provides up to $1 million in funding, as well as critical guidance from Wells Fargo business and technology leaders. As Oliver continues to scale, this valuable collaboration will provide us with the capital and expertise needed to help our banking customers produce more revenue at lower costs.
In a year that is significantly impacting debt collections for financial services, joining the Wells Fargo portfolio is more meaningful than ever. It provides us the opportunity to not only lead the charge to redefine debt recovery for banks, but to absorb the real-world experience of Wells Fargo along the way.