Ardent is thrilled to announce its participation in Method Financial’s $2.5 million seed round as a lead investor alongside Y Combinator, LiveOak Venture Partners, Runa Capital, Haroon Mokhtarzada (CEO & co-founder at Truebill), Val Gui (VP Product at Upstart), and others who share our same conviction. Led by two second-time founders and YC alumni, Jose Bethancourt and Marco del Carmen, Method is a mission-driven company set out to improve the financial lives and outcomes for millions of Americans.
8 in 10 Americans are in some form of consumer debt, and the average debt in America is $38,000 not including mortgage debt. Nearly 160 million rely on personal finance management tools to help them get a better view of their financial position in order to help them get out of debt.
The tools that once aggregated financial data to provide insights and recommendations on financial management strategies will now be eclipsed by products that begin to take action on behalf of the user. When that shift takes place, an embedded solution will be an important building block to enable self-driven finance.
This is where Method comes in. Method’s developer-friendly API seamlessly enables all companies — especially fintech ones — to offer new and innovative products to help their customers better manage their debt without the headaches, risks, and security concerns. Method’s debt repayment rails currently support paying any type of debt instantly, a task previously done via physical check, making it much easier for individuals to work toward their financial goals.
Having previously created GradJoy, a holistic financial management platform for student loan debt, we believe that the founders of Method are well-positioned to succeed at their mission.
Interested in joining a team that is focusing on improving the financial lives and outcomes of millions of Americans? They’re hiring!
