Method Raises $41.5M in Series B Funding
Summary
The round, which brought the total amount to $60M, was led by Emergence Capital with participation from avra and Samsung Next, and existing investors Andreessen Horowitz, Y-Combinator and Ardent Venture Partners. The company intends to use the funds to accelerate its delivery of end-to-end loan refinance automation and expand into use cases unlocked by deeper card network integrations. Led by CEO Jose Bethancourt, Method offers APIs improving financial connectivity with real-time, read-write access to all consumer liability data with integrated payment rails. It helps lenders increase revenue by streamlining customer acquisition, improving underwriting accuracy, and increasing line utilization through balance transfers, all without user credentials. Today, it empowers more than 60 fintech and consumer lending clients, including SoFi, Figure, Aven, Happy Money, and Bilt Rewards.