Nebraska Global is pleased to announce it has closed its third investment by adding Lincoln-based EC3H to its partner company portfolio. EC3H is an existing technology company that helps to solve complex decedent debt challenges for creditors throughout the US. The $1.5 million investment also includes technical resources to help EC3H accelerate its growth and market penetration with the needed scale and technical disciplines.
Major creditors issue in excess of $5.5 trillion in debt every year, with a portion of that debt remaining unpaid upon death. This leaves creditors mired down in the complex world of claims, probate, and ever-changing statutes in order to recover owed amounts from estates. EC3H’s platform enables creditors to offload that burden in order to maximize recovered amounts and focus on their core business.
Patrick Smith, Nebraska Global COO, says “The investment in EC3H represents a strategic addition to our family of portfolio companies and fits nicely where we love to operate, leveraging technology to solve complex problems to generate real value for our customers. The EC3H team has identified a great niche and we look forward to contributing to their success.”
“On behalf of my partners at EC3H, we want to thank Nebraska Global for their commitment to helping grow this business and keep technology jobs here in Nebraska,” stated Tony Reiling, Co-Founder of EC3H. “We believe the combination of talent and experience from both companies positions EC3H to dominate this industry for many years to come.”
EC3H will join Nebraska Global at its headquarters in the Haymarket later this summer.
