Method, a startup that aims to make it easier for fintech developers to embed repayment, balance transfers and bill pay automation into their apps, today announced that it closed a $16 million Series A funding round led by Andreessen Horowitz, with participation from Truist Ventures, Y Combinator (Method’s a Y Combinator graduate), Abstract Ventures, SV Angel and others. Co-founder Mit Shah says that the new cash will be put toward product development and growing the company’s headcount from eight people to 28 by the end of the year.
Read MoreMethod, an Austin-based embedded debt repayment startup, has raised $16 million in Series A funding led by Andreessen Horowitz, Ryan writes.
Why it matters: Embedded finance APIs are becoming more sophisticated and enabling fintech developers to offer new applications to end users.
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Read MoreWe are celebrating Method’s first anniversary! Reflect back on the year with us and see the exciting work our team and partners are doing to help individuals manage their debt.
Read MoreWe are excited to announce that Method has raised $2.5 million in a pre-seed round from Y Combinator, Ardent Venture Partners, LiveOak Venture Partners and a slew of VCs and angel investors, including Haroon Mokhtarzada (CEO & co-founder at Truebill), Val Gui (VP Product at Upstart), and others.