What is Datamax?
Datamax, originally incorporated as the Winston-Salem Retail Merchants Association in 1909, has evolved significantly over its century-plus history. Officially becoming DataMax Corporation in 1992, the company underwent a pivotal ownership change in January 2019 when two employees acquired it, rebranding it as CBHBC Corp, LLC, while continuing to operate as DataMax Corporation. The company's core mission remains focused on providing high-quality, service-oriented support in the ethical and empathetic collection of consumer and business debts. This enduring commitment to superior customer service and a positive company culture has been a constant, even as its corporate identity has transformed.
How much funding has Datamax raised?
Datamax has raised a total of $2M across 1 funding round:
Debt
$2M
Debt (2020): $2M with participation from PPP
Key Investors in Datamax
PPP
Public-Private Partnership
What's next for Datamax?
The recent major strategic investment of $2M signals a new phase of growth and operational enhancement for Datamax. As an established entity with a long history, this capital is likely to be deployed towards strengthening its debt collection infrastructure, expanding its service offerings, and potentially enhancing its technological capabilities to maintain its competitive edge. The company's focus on ethical practices and employee culture suggests that future investments will also prioritize sustainable growth and client satisfaction, reinforcing its position as a trusted partner in the financial services sector.
See full Datamax company page
