Method provides an API that enables fintech apps to aggregate consumers’ debts and execute balance transfers, bill pay, and payoffs on users’ behalf. It leverages consumer credit access protections from the Dodd-Frank Act by combining identity verification data from credit bureaus and telecoms with data from core banking systems. Users connect by providing a phone number; Method reports over 30 million account connections for 4 million users and has facilitated more than $500 million in liability repayments to date. The company says it collects only 'minimum user information' and does not sell data, and it plans to launch a portal for users to manage data they’ve shared with Method customers. Method has added credit-card support, underpins Bilt’s card-linking tool, and competes with vendors such as Plaid, MX, Spinwheel, and Dwolla. Near-term product plans include deepening banking relationships and rolling out credit-card network integrations for retail and travel customers. Method offers a turnkey API that aggregates and writes to a consumer’s liabilities by tapping identity verification data from credit bureaus and wireless carriers plus real-time data from financial institutions’ core systems. The platform can collate liabilities across more than 60,000 U.S. institutions and exposes a payment API that handles money movement end-to-end so apps can push funds to loans, credit cards and bills. Method leans on consumer credit access protections from the 2010 Dodd‑Frank Act to enable its approach and plans a user portal for consumers to manage shared data. The company says it has 35 customers, over 75,000 users and approximately $2.25 million in annual recurring revenue. Method competes with Plaid, MX, Spinwheel and Dwolla and plans to roll out features including real‑time credit card transactions, instant balance transfers and enhanced live liability data. Its privacy policy emphasizes collecting only minimum user information and not selling data to third parties. Method Financial (originally GradJoy) provides an API and repayment rail that lets fintechs and lenders validate consumer debt with a creditor and initiate payments without mailing checks. The product was developed after founders worked directly with lenders and providers such as FIS to build a flow that covers repayment for student loans, mortgages, credit cards, and other consumer debt. Method reports coverage of over 95% of consumer credit in the U.S. and connectivity to more than 3,000 financial institutions. After a beta launch in late 2021, the company processed over $1 million in payments in January 2022 and charges a flat per-transaction fee, generating $0.65 in revenue per transaction. The team plans to grow its Austin, Texas headcount with hires in sales, marketing, and engineering and to build more embeddable developer components such as payoff prioritization tools and credit-report access.

Total raised

$60M

Funding rounds

3

Latest round

Series B

Latest activity

Jan 2025