Interval Launches Automated Collections Platform and Gains Initial Customers

Provo, Utah, December 2, 2024

Founded in 2023 by BYU students, Brandon Davis and Connor Ashton, Interval is a startup in BYU's 2024 Sandbox cohort that has set out to automate the debt collection process for small and medium sized businesses. The company's goal is to ensure that if a business has a customer with a past due account, or they have outstanding debts to another business, Interval automates the process of reaching out to the customer or creditor to make sure the owing amount gets resolved.

"No matter what field you work in, someone is going to owe you money at some point," said Brandon Davis, CEO and Co-founder of Interval. "That is why Interval is a piece of software that can be useful to all in any market."

Spending the past year building their MVP, and launching it in June of 2024, Davis and Ashton now have paying customers all over the country in industries such as medicine, home services, and software.

“I had reached out to the owner of a window cleaning company,” Davis says “and at first they were kind of wishy washy, not even thinking they had any customers that owed them money.” After setting up a meeting with the CEO, “his mouth was dropping” after discovering how much money their customers owed them. Following that, they got into contact with the billing guy, and Interval was something they “were absolutely going to try.” After just 3 weeks, they collected over $10,000 for the window cleaning company. 

Davis summed it up, “it doesn’t matter if your business is a year old or a hundred years old, at some point in the process you’re going to have a customer that is late on their payments, or just don’t pay what they owe.”

Interval is one of these startups created from the Sandbox program. The BYU Sandbox program is a two semester, 18 credit program that teaches students how to launch a startup. Ashton shares that he is a Computer Science major, and he started out in the Sandbox program with very limited knowledge in business. “Sandbox provided me with an opportunity to learn how to sell something, how to advertise something, even how to code something. I didn’t know much about code before Sandbox,” Ashton stated.

The BYU Sandbox program was launched in 2020 to guide BYU students in building and launching their own startups. Students are given the opportunity to learn and work with like-minded peers to create successful businesses. With the help of mentors, Sandbox participants gain valuable insights about the business and tech industries, helping them enter with confidence and knowledge. The program has resulted in many successful start-ups and also aided many other students secure higher-paying jobs within tech and business fields. Other universities in the state, including UVU, USU and Utah Tech, have launched their own Sandbox programs; these programs are distinct from BYU's Sandbox program.

BYU also offers its Launchpad Program, an accelerator/incubator provided for BYU students. “One other program we participated in was the BYU Launchpad program.” Davis states. “It’s an accelerator, where during the summer months in Provo, we can meet with other businesses at BYU, and grow and work on them full time. Connor and I quit our previous jobs to go all in on interval.” Launchpad supports founders and aspiring entrepreneurs with unique services in the spring/summer semesters.

BYU Launchpad provides entrepreneurs with professional services, support, mentorship, workspace, and many other perks. Through BYU Launchpad, students gain the essential tools and resources to bring their entrepreneurial visions to life, paving the way for successful ventures and valuable industry connections.

Davis shares “it’s a fun collaboration between Sandbox, Launchpad and everything in between. Even though we’re college students, we have the same struggles as anyone else going to classes and getting good grades, but at the same time we get to work on this amazing business.”

As for the growth of Interval, Davis’s goal is to build Interval exactly how the customers want it. “On average we’re collecting $4,500-$6,000 per month, give or take depending on the industry,” Davis says. “Our goal is to hit $150,000 in annual recurring revenue (ARR) by the end of 2024 and $900,000 by the end of 2025. Since we launched back in June, we haven’t lost a single customer.”

Davis is looking forward to continuing building Interval out exactly how the customers want it. Ashton is looking forward to integrations. “We’re working on integrations with all the most popular CRM’s, so all you have to do is hit start on the software, and never look at it ever again. It will call your customers and collect for you.”