Fintech’s Repayment Nightmare? Method Just Solved It.

Imagine trying to build a fintech app that handles repayments, balance transfers, and bill payments. Sounds simple, right? WRONG. Developers are stuck battling a labyrinth of clunky screen-scraping APIs, mountains of paperwork, and outdated systems that make innovation feel like pushing a boulder uphill. But three visionary entrepreneurs—Jose Bethancourt, Marco del Carmen, and Mit Shah—decided to flip the script. Enter Method, the platform that’s turbocharging fintech apps with seamless debt and repayment features.

“Jose and Marco experienced firsthand the chaos of financial account connectivity while building GradJoy, a Y Combinator-backed startup. They wanted to simplify student loan management but hit a wall with existing systems. That frustration sparked the birth of Method.”

Mit Shah, Co-Founder of Method

How Method Works: The Secret Sauce

Method isn’t just another fintech tool—it’s a powerhouse built on the backbone of the 2010 Dodd-Frank Act. By tapping into identity verification data from credit bureaus and telecom companies, Method aggregates a user’s debts and executes payments, balance transfers, and payoffs with surgical precision. All users need to do? Provide their phone number. That’s it. No endless logins, no credential headaches—just pure, frictionless functionality.

• 30 Million Account Connections: Method supports over 4 million users and has facilitated $500 million in liability repayments.
• No Data Selling: Method collects only the minimum user information and doesn’t sell data to third parties.
• User Control: A new portal is in the works, allowing users to manage their shared data with Method customers.

Why Method Stands Out in a Crowded Market

While competitors like Plaid, MX, and Spinwheel rely on users entering their financial credentials, Method eliminates that friction entirely. “Consumers don’t have to re-authenticate multiple times,” Shah explains. “Once Method retrieves a consumer’s liabilities, they can pay them using our payment rail.” This seamless experience has made Method a go-to for fintech giants like SoFi, Aven, Happy Money, and Figure.

What’s Next for Method?

Method isn’t stopping at debt repayment. The platform recently rolled out credit card support, powering Bilt’s credit card linking tool. And the future? Think deeper banking relationships and integrations for retail and travel customers. “Many shoppers aren’t comfortable storing card details,” Shah notes. “Method shows them their entire credit card wallet with just their name and phone number. It’s a game-changer for merchants and consumers alike.”

The Fuel Behind Method’s Growth

With a $41.5 million Series B round led by Emergence Capital, Method has now raised ~$60 million. Backed by heavyweights like Andreessen Horowitz, Samsung Next, and Y Combinator, this Austin-based startup is poised to dominate the fintech space.

“Method is supporting millions of Americans on their financial journeys while helping lenders and fintechs increase conversion with better user experience and engagement.”

Mit Shah, Co-Founder of Method

Final Thoughts: Method is the Future of Fintech

Method isn’t just solving problems—it’s redefining what’s possible in fintech. By cutting through the noise and delivering a seamless, secure, and user-friendly experience, Method is empowering both consumers and developers to take control of their financial futures. The question isn’t whether you’ll use Method—it’s when.