TRAKAmerica
- Company typePrivate
- Founded2000
- HeadquartersNaples, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
TRAKAmerica firmographics
Firmographics- Name
- TRAKAmerica
- Legal name
- Data Search NY Inc.
- Website
- https://trakamerica.com
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
TRAKAmerica industry classification
Industry- Product category
- Accounts Receivable Management Services
- NAICS
- Collection Agencies (56144), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- Utilities/Telecom & Other Non-Financial Receivables Collections (FSAKAJAN)
- akta.pro secondary industries
- Accounts Receivable (Invoicing, Cash Application, Deductions) (BPAAAGAB), Receivables Management (Collections, Lockbox, EIPP) (FSABAIAA)
Keywords
Where TRAKAmerica is headquartered
LocationHeadquarters
- HQ city
- Naples
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
TRAKAmerica business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Accounts Receivable Management Services: Full-scale recovery management solutions for accounts receivable portfolios across all phases and ages of delinquency. Revenue is generated through fees for recovery management, legal process optimization, and portfolio servicing.
- Legal Recovery Management: TRAKAmerica's national legal network of law firms collects charged-off receivables on behalf of clients, generating revenue through legal recovery services and process management fees.
- Specialty Treatment Services: Services for unique portfolio segments including Cease and Desist accounts, Debt Settlement representations, Dormant Judgment servicing, and portfolio transition services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Customized recovery solutions tailored to client needs |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
TRAKAmerica product offering
Product offeringCore offering
TRAKAmerica is a sophisticated accounts receivable management organization delivering full-scale recovery solutions for creditors, credit issuers, debt buyers, and government agencies. It manages consumer finance, education, automotive, multifamily tenant, and specialty receivables portfolios using proprietary analytics (FASTRAK® legal selection model), real-time reporting (OnTRAK portal), and a managed network of collection agencies and law firms.
Product overview
TRAKAmerica is a sophisticated accounts receivable management organization providing flexible servicing options for full-scale recovery solutions. The platform operates through interconnected products: FASTRAK® (proprietary legal selection and scoring model), OnTRAK (client reporting/portal system), and Compliance Management System (CMS) as core technology components. These are complemented by service modules (Client Services, Performance Management) and industry-specific solutions (Consumer Finance, Education Lending, Automotive Finance, Multifamily Tenants, Specialty Offerings) that leverage a network of collection agencies and law firms.
Differentiator
Problem solved
Functional benefit
Products and services
- FASTRAK® Proprietary legal selection model that scores and values each individual account, provides accurate cash flow forecasting, and enables valuation services prior to bidding on sale portfolios for creditor and debt-buyer clients.
- OnTRAK Client reporting system providing unlimited, real-time access to account data through a secure online portal with dashboards and data analytics for strategic decision-making.
- Compliance Management System (CMS) Model oversight program focusing on consumer contact, physical and data security, financial oversight, supply chain management, litigation optimization, and performance management for some of the nation's largest lending institutions.
- Client Services Dedicated client services team providing real-time account access, customized reporting, and data analytics to assist enterprise clients in achieving business objectives.
- Performance Management Network of specialized collection agencies and law firms equipped to meet each client's portfolio requirements, ensuring the proper balance of performance and quality control through champion vs. challenger servicing approaches.
- Consumer Finance Services Customized solutions for creditors, financial institutions, and debt buyers to manage consumer delinquencies with brand image protection and full-suite reporting and analytics.
- Education Lending Services Sophisticated nationwide delinquent tuition account recovery network offering services from traditional agency-only treatment to legal recovery management solutions while prioritizing positive student experience.
- Automotive Finance Services Nationwide auto finance account recovery network offering services ranging from agency-only treatment to legal recovery management solutions, leveraging state-specific expertise.
- Multifamily Tenant Services Nationwide tenant account recovery network providing services from agency-only treatment to legal recovery management solutions, delivering substantially higher results than incumbent multifamily recovery solutions.
- Specialty Offerings Specialized recovery solutions for unique portfolio segments including debt settlement accounts, attorney-represented accounts, cease and desist accounts, dormant judgments, and active legal portfolios.
Quantifiable outcome
- Hundred of millions of dollars in annual charged-off receivables collections
- +2 more outcomes
Companies that use TRAKAmerica
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles3 records
TRAKAmerica technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature3 records
TRAKAmerica partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- KnovaOne Inc.coreTRAKAmerica acquired KnovaOne, a business process outsourcing company founded in 2012 with over 350 employees in Pune, India. The acquisition adds differentiated technology process expertise and knowledge capital, enabling more comprehensive and efficient service delivery. KnovaOne brings experience in legal and accounts receivable management, expanding TRAKAmerica's capabilities in legal recovery, portal management, and collateral recovery. KnovaOne continues to operate under its existing brand without disruption to current operations.
Scale indicators5 records
Recent moves7 records
Expansion highlights6 records
TRAKAmerica competitors and assessment
Company assessmentBroad incumbents
- Encore Capital Group: Encore Capital Group, parent of Midland Credit Management, is the largest U.S. debt buyer and a primary customer segment for TRAKAmerica's recovery and portfolio evaluation services.
- PRA Group: PRA Group is one of the largest U.S. debt buyers and a major purchaser of charged-off receivables, often a direct client of TRAKAmerica's recovery management services. As a top debt buyer it is a key customer and a strategic counterpart for portfolio servicing.
- iQor Holdings: iQor is a global BPO with a sizable debt collection, customer care, and accounts receivable management business. TRAKAmerica's Chief Legal & Risk Officer Gregory Harmer previously served as General Counsel of iQor Holdings, evidencing direct executive and operating overlap.
Direct peers
- Performant Financial Corporation: Performant is a publicly traded provider of technology-enabled recovery and analytics services in defaulted student loans, healthcare, and government receivables. Comparable to TRAKAmerica's education lending, government, and analytics-driven recovery model.
- Resurgent Capital Services: Resurgent Capital Services manages third-party debt portfolios for major credit issuers and is closely comparable to TRAKAmerica's charge-off and legal recovery management services for large financial institution clients.
- Williams & Fudge: Williams & Fudge is a U.S. third-party debt collection agency specializing in student loan and higher education recovery. Highly comparable to TRAKAmerica's education lending and specialty offerings verticals.
- Transworld Systems: Transworld Systems is a U.S. debt collection and accounts receivable management firm offering first-party and third-party recovery, legal network, and compliance services to creditors — directly comparable to TRAKAmerica's core charge-off and legal recovery management offering.
- Alliant Credit Recovery: Alliant Credit Recovery (now part of Performant ecosystem / independent) provides first- and third-party debt collection and recovery services to higher education and consumer finance creditors — closely matching TRAKAmerica's education and consumer finance segments.
- Caine & Weiner: Caine & Weiner is a commercial and consumer debt collection agency with BPO and legal recovery capabilities. Direct functional overlap with TRAKAmerica's consumer finance and legal recovery offerings.
- Convergent Outsourcing: Convergent Outsourcing (now Convergent) is a third-party debt collection agency serving consumer creditors, healthcare, education, and government. Overlap with TRAKAmerica spans consumer finance, education, and government recovery workflows.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights6 records
Customer concentration
TRAKAmerica social profiles
Digital presenceTRAKAmerica compliance and trust
Trust signalCompliance2 records
TRAKAmerica financial estimates
Financial estimateRevenue estimate
Valuation estimate
TRAKAmerica leadership team
Management profileNumber of profiles
Profiles7 records
TRAKAmerica subsidiaries and ownership
Company hierarchySubsidiaries1 record
TRAKAmerica funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TRAKAmerica M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TRAKAmerica
What does TRAKAmerica do?
TRAKAmerica is a sophisticated accounts receivable management organization delivering full-scale recovery solutions for creditors, credit issuers, debt buyers, and government agencies. It manages consumer finance, education, automotive, multifamily tenant, and specialty receivables portfolios using proprietary analytics (FASTRAK® legal selection model), real-time reporting (OnTRAK portal), and a managed network of collection agencies and law firms.
Is TRAKAmerica a public or private company?
TRAKAmerica is a private company. It is classified as management employee owned and is currently operating.
When was TRAKAmerica founded?
TRAKAmerica was founded in 2000. It employs 101 to 250 people.
Where is TRAKAmerica based?
TRAKAmerica is headquartered in Naples, United States, in the North America region.
How does TRAKAmerica make money?
Three revenue lines are on record. Accounts Receivable Management Services are the primary driver. The others are legal Recovery Management and specialty Treatment Services.
Who are TRAKAmerica's main competitors?
Broad incumbents on record are Encore Capital Group, PRA Group and iQor Holdings. Direct peers are Performant Financial Corporation, Resurgent Capital Services, Williams & Fudge, Transworld Systems, Alliant Credit Recovery, Caine & Weiner and Convergent Outsourcing.
Does TRAKAmerica have an API?
No public API is recorded for TRAKAmerica.
What industry is TRAKAmerica in?
TRAKAmerica's product category is Accounts Receivable Management Services. Its primary akta.pro industry code is FSAKAJAN, Utilities/Telecom & Other Non-Financial Receivables Collections, with a secondary code of BPAAAGAB, Accounts Receivable (Invoicing, Cash Application, Deductions). Its NAICS code is 56144 and its SIC code is 7320.