Method Financial

Method Financial was founded by Jesus Marco del Carmen and Jose Betancourt. Startup created, banking service which allows developers to easily pay any debts of their users - including credit cards, student loans, car loans and mortgages - all through a single one. API Method manages the entire money flow process, preventing its customers from interfering in the flow of funds, ensuring compliance, identity verification and partnership with banks API providing access to 3,000 + lenders in, USA covering consumer debt 95%.

History

2022: Raising $2.5 million

February 2, 2022 it became known about the investment of $2.5 million in Method. Runa Capital took part in the funding round. Other startup investors include Y Combinator, Ardent Venture Partners, LiveOak Venture Partners and many venture and angel investors, including Harun Mokhtarzada (CEO and co-founder of Truebill), VP Product at Upstart and others.

Runa Capital invested in US platform to pay off debts of Method Financial

Our goal is to make the movement of money for debts as easy as paying your friends on Cash App. Initially, we integrated directly with student loan providers and created 12 trade integrations. After several months of work on the project, we quickly expanded to more than 4,000 + institutions, allowing one click to make payments to almost any accounts, including consumer debts - credit cards, student loans, car loans and mortgages - all through a single API. Recently, we launched Method Elements, a set of embedded debt management components that are easily integrated into any application, the company's website writes.

Since the launch of the beta version at the end of 2021, the company has processed more than $2 million, and has 15 active partners. Companies include personal finance applications, lenders, and benefit providers that address the debt crisis in their applications.

Method stated that they are focused on providing an amazing experience for developers and their end users.^[1]

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