# Method Financial

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/method-financial

- Industry: Software
- Headquarters: Austin, US
- Website: www.methodfi.com
- Total disclosed funding: $56M
- Latest round: Series B (May 10, 2024)
- Investors on record: 10

## About

Based in California, US, and founded in 2021, by Jose Bethancourt (CEO) and Jesus Marco del Carmen Forward Lending, Inc. doing business as Method Financial is an application programming interface (API) that facilitates repayment of all kinds of debt. In May 2024, Method Financial raised USD 37.40 million in series B funding led by new investor Emergence Capital Partners, with participation from other new investors Avra and SamsungNext. Returning investors Andreessen Horowitz, Y Combinator, Ardent Venture Partners, other unspecified investors also participated in the round.

The company provides an application that is primarily used for lending, HR and benefits, personal finance as well as financial services applications. The firm provides the facility to initiate payment to any type of customer debt, it also facilitates retrieving instantly the user’s complete debt portfolio just by using their phone number – no login credentials are required. Additionally, the firm does the balance transfer by transferring the balances from users’ existing lines of credit, moreover, it allows developers to pay users’ debt which includes credit card bills, student loans, car loans, and mortgages. The company charges a different price for different products and services as sandbox is free where customer can send 20 free payment, the company charge $500 per month for its product and service build, and for Scale, the company charges tailored charges depending upon the product and services customers chooses.

The company plans the May 2024 funding to improve credit card connections, strengthen banking relationships, and enhance its loan refinancing and transaction data.

## Funding rounds

- Series B, May 10, 2024, $37M — Emergence Capital, Andreessen Horowitz, Y Combinator, Ardent Venture Partners, SamsungNext, Avra
- Series A, Nov 10, 2022, $18M — Andreessen Horowitz, SV Angel, Y Combinator, Abstract Ventures, Truist Ventures
- Seed, Sep 10, 2021 — Alumni Ventures Group

## Investors

- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Seed
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A, Series B
- Abstract Ventures (https://capitalatlas.ai/funds/abstract-ventures) — Series A
- Truist Ventures (https://capitalatlas.ai/funds/truist-ventures) — Series A
- Emergence Capital (https://capitalatlas.ai/funds/emergence-capital) — Series B
- Ardent Venture Partners (https://capitalatlas.ai/funds/ardent-venture-partners) — Series B
- SamsungNext — Series B
- Avra (https://capitalatlas.ai/funds/avra) — Series B