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Meet Debt Hunter, Winner of the Startups of the Year in Hong Kong, China

by Debt HunterMarch 5th, 2024

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Debt Hunter is a leading debt collection agency in Hong Kong with over 10,000 cases resolved. The company combines psychology, technology, and legal expertise to achieve optimal recovery rates. Debt Hunter is changing the world by providing SMEs with a reliable and effective solution to recover unpaid debts. They empower businesses to protect their financial interests and maintain cash flow.

featured image - Meet Debt Hunter, Winner of the Startups of the Year in Hong Kong, China

Exciting news! 🏆 Debt Hunter won the trending Startups of the Year in Hong Kong, HackerNoon's Startups of the Year 2023. Huge thanks to everyone who nominated. Your support means the world to us! 🥂

What does it mean for you to win this title?

Hi everyone! My name is Obis Tsang, and I am the founder of Debt Hunter. I am delighted to be here and share more about my team! Winning the Hackernoon Startups of the Year 2023 award is an incredible honor for Debt Hunter. It's a testament to our team's hard work, dedication, and commitment to providing exceptional debt collection services in Hong Kong.

What sets you apart from the competition?

Debt Hunter stands out from the competition by combining psychology, technology, and legal expertise to achieve optimal recovery rates. Our team of 20+ professional personnel utilizes advanced techniques and exclusive credit databases to locate and negotiate with debtors effectively.

What do you love about your team, and why are you the ones to solve this problem?

Our team is passionate about protecting the rights of SMEs and ensuring a secure business environment. Their unwavering determination, expertise, and ability to balance 'legality' and 'effectiveness' make them the ideal team to solve the problem of commercial debt collection in Hong Kong.

If you weren’t building your startup, what would you be doing?

If I were not building Debt Hunter, I would be pursuing a career in the legal profession. My passion for justice and protecting the rights of others would drive me in these fields.

At the moment, how do you measure success? What are your core metrics?

We measure our success by our recovery rate, client satisfaction, and the impact we have on the business environment in Hong Kong. Our core metrics include the percentage of debts collected, the number of satisfied clients, and the reduction in commercial disputes arising from payment delays and quality issues.

Tell us how your startup is changing the world.

Debt Hunter is changing the world by providing SMEs with a reliable and effective solution to recover unpaid debts. We empower businesses to protect their financial interests, maintain cash flow, and operate with confidence.

How do you or your company intend to embrace the responsibility of this title in 2024?

As the winner of Hackernoon Startups of the Year 2023 in Hong Kong, Debt Hunter will continue to uphold the highest standards of ethical and professional conduct. We will strive to innovate and enhance our services to meet the evolving needs of our clients.

What goals are you looking forward to accomplishing in 2024?

In 2024, we aim to:

Increase our recovery rate by 5%
Expand our team to meet the growing demand
Develop new technologies to improve our debt collection process

We are excited about the trend towards increased automation and data analytics in the debt collection industry. These technologies can streamline processes, improve efficiency, and provide valuable insights into debtor behavior.

2023 had been another crazy year, especially in tech, with layoffs and the Generative AI takeover! Which trend are you most concerned about? Be as brief or as detailed as you like.

We are concerned about the potential impact of Generative AI on the debt collection industry. While AI can enhance certain aspects of our work, it's crucial to ensure that it is used ethically and responsibly to protect the rights of both creditors and debtors.

Our biggest success was recovering a significant debt for a small business that was facing financial hardship. The recovery allowed the business to continue operating and avoid bankruptcy. Our biggest failure was an unsuccessful attempt to collect a debt from a debtor who had intentionally concealed their assets.

We would love your feedback on HackerNoon as a tech publication! How has your experience been with us?

Our experience with HackerNoon has been positive. The platform provides valuable insights into the latest tech trends and offers a great opportunity to connect with other startups and industry professionals.

Never give up on your dreams. Embrace challenges as opportunities for growth. Surround yourself with a supportive team, and don't be afraid to ask for help when needed.