Here is the 11-slide pitch deck Method Financial, a Y Combinator-backed fintech making debt repayment easier, used to raise $2.5 million in pre-seed funding
Summary
The problem led Bethancourt on a nearly two-year journey that culminated in the creation of a startup aimed at making it easier for consumers to more seamlessly pay off all kinds of debt. Initially, Bethancourt and fellow UT grad Marco del Carmen built GradJoy, an app that helped users better understand how to manage student loan repayment and other financial habits. The pair spent three months concentrated on finding a solution and working directly with lenders and technology providers like FIS, which led to the development of an application programming interface (API) that allowed the cofounders to validate debt with a lender and initiate payment Soon after developing the API, Bethancourt and del Carmen began to field questions about other potential use cases beyond student loans, including mortgages and credit-card debt. Method covers over 95% of consumer credit in the United States and works with over 3,000 financial institutions, making it easier for their customers to send money to pay off various debts. With the funding, Bethancourt, del Carmen, and chief operating officer Mit Shah hope to grow their Austin, Texas-based team, focusing on sales, marketing, and engineering hires.