Method Financial is Helping Businesses to Embed Loan Repayment, Data, Balance Transfers, and Automation – All Through a Single API Platform

Method Financial is a leading force shaping the landscape of consumer finance, driven by a profound mission to revolutionize data and money movement for the next generation of consumers. Founded with a clear vision, Method Financial sets out to tackle the complexities surrounding consumer debt, aiming to democratize access to financial resources and empower individuals with greater control over their financial futures.

The journey of Method Financial commenced in the summer of 2019, sparked by the realization of significant obstacles in navigating users' student loans. Probing deeper into the issue, the team uncovered a widespread challenge concerning data and payment access across various types of liabilities. Thus, Method Financial was born with a noble purpose: to bridge the gap of inequality by offering consumers access to more competitive and affordable credit options. Furthermore, the company aspires to equip individuals with cutting-edge tools previously accessible only to financial professionals, enabling them to effectively manage their liabilities in one centralized platform.

The company has helped over two million users connect 15+ million liability accounts, save them millions in interest and fees, and get them access to billions of dollars in personalized loans. They have partnered with 60+ financial institutions - including Bilt Rewards, SoFi, PenFed, Figure, Happy Money and Aven - to deliver frictionless, personalized and engaging user experiences.

Method Financial is backed by investors and advisors from Andreessen Horowitz, Y Combinator, SV Angel, Ardent Ventures, Abstract Ventures, Truist Ventures, Truebill, Upstart, and more.

Method Financial's Liabilities Payment API

Method Financial offers a unified solution for managing various types of debt payments, from credit cards to student loans and bills, across over 10,000 financial institutions. Here's what their product features entail:

End-to-End Payment Operations: Benefit from fully managed electronic money movement services, ensuring a smooth process from account linking to disbursement with creditors.

Inclusive Risk and Compliance: Method Financial covers all compliance requirements, including KYC/AML/PCI, along with identity verification and bank partnerships, ensuring full regulatory compliance.

Instant Payment Confirmation: Enjoy instant validation of accounts and payment confirmation, with settlement possible in just a matter of minutes.

Comprehensive Coverage: Access payments to major student loan, credit card, and mortgage providers across the US, with Method's API encompassing the majority of merchants in the country.

Streamlined Integration: Seamlessly integrate Method Financial's services into your platform using their no-code embeddable UI components or simple API, allowing for quick deployment and a deeper integration experience.

With Method Financial's Liabilities Payment API, managing debt payments has never been easier. Whether you're a financial institution or a business, their solution offers convenience, security, and efficiency.

Easy Balance Transfers with Method Financial

Method Financial offers a hassle-free solution for increasing balances and revenues through balance transfers from users' existing lines of credit. Here's what their product features entail:

Money Movement Handled: Method takes care of the entire money movement process, allowing you to stay out of the flow of funds. They handle pulling the funds and transmitting them to the lenders on your behalf.

Comprehensive Risk and Compliance: Method handles all compliance requirements, including identity verification and bank partnerships, so you can focus on building your business without worrying about regulatory hurdles.

Fast Transfers, Default Quick: Optimized for speed, Method allows you to go live in no time and start transferring funds rapidly to any financial account, ensuring a swift and efficient process.

With Method Financial's balance transfer solution, increasing balances and revenues has never been easier. Their streamlined approach takes the hassle out of balance transfers, allowing you to focus on growing your business.

Method Data API: Streamlining Access to User Debt Data

Method Data API simplifies the process of accessing your users' complete debt portfolio, requiring only their phone number—no login credentials necessary. Here's a rundown of its key features:

One Platform for All Liabilities: With Method Data API, retrieve all of a user's liabilities, including personal loans, credit card debt, auto loans, and more, using just their phone number. Say goodbye to multiple link flows or credentials hassles.

Comprehensive Data: Instantly access real-time liability data for various debts, such as balance, payoff amount, due date, interest rate, and loan type, providing you with a comprehensive view of your users' financial obligations.

Stable Connections: Designed for reliability and stability, Method Data API ensures connections remain intact without the need for users to re-authenticate. Enjoy nightly updates on all user liabilities without interruptions.

Complete Debt Data Coverage: Method Data API supports all debt types, offering complete and detailed data for student loans, credit cards, auto loans, mortgages, and more. It covers the majority of lenders in the US, providing a robust solution for debt-related data retrieval.

Simple Integration: Take full control of your integration with Method Data API. Utilize their no-code embeddable UI components for quick deployment or integrate seamlessly with their simple API for a deeper experience. Plus, benefit from fully white-labeled components included in the package.

With Method Data API, you can streamline the process of accessing user debt data, improve user experience, and enhance conversion rates—all with just their phone number.

Jose Bethancourt, Co-Founder & CEO, Method Financial

Jose Bethancourt is a visionary leader dedicated to revolutionizing the financial landscape. With a passion for building and scaling innovative solutions, he thrives on the dynamic challenges of entrepreneurship. Bethancourt embodies the spirit of versatility, often donning multiple hats within his tight-knit team.

Method Financial has helped over two million users connect 15+ million liability accounts, save them millions in interest and fees, and get them access to billions of dollars in personalized loans. The company has partnered with 60+ financial institutions - including Bilt Rewards, SoFi, PenFed, Figure, Happy Money and Aven - to deliver frictionless, personalized and engaging user experiences.