Press Features on C&R Software’s Acquisition of SpringFour

“SpringFour aligns well with our mission to humanize collections effort in periods of financial difficulty. SpringFour helps customers in need regain financial footing, meet their obligations, help banks avoid write-offs, and eventually [help banks] offer new credit products.”

“I set out to change the industry, and I think this acquisition loudly demonstrates that, and I’m very excited.”

“SpringFour’s acquisition is part of a bigger trend in fintech. More companies are realizing that helping customers manage their finances goes beyond apps and payments—it’s about building trust by providing real, practical help. SpringFour’s work shows how fintech can directly impact people’s lives while also building stronger relationships with customers.”

“Success in collections is traditionally defined in terms of efficiency. This efficiency-first mindset can be effective, but it’s not the only model that works. Engaging with customers earlier, before they have slipped into severe delinquency, can be just as effective in keeping default rates low (and more effective in keeping net promoter scores high). SpringFour gives C&R Software’s clients more tools to engage their customers earlier in the debt management lifecycle.”

“And in even more M&A news, C&R Software announced it has agreed to acquire social impact fintech SpringFour.”

“SpringFour’s innovative approach to financial health complements our existing solutions and supports our goal of providing robust, comprehensive software services to our clients.”