US-based fintech startup Method has successfully closed its $42 million Series B funding round. The round was led by Emergence Capital, with participation from notable investors such as Avra, Samsung Next, Andreessen Horowitz, Y-Combinator, and Ardent Venture Partners. Founded in 2021, Method has now raised a total of $60 million in funding.
The company announced that the new investment will be used to enhance credit card integrations and payment solutions, aiming to make its financial products more competitive and user-friendly.
Established by Jesus Marco del Carmen, Jose Bethancourt, and Mit Shah, Method provides API solutions that enable financial service providers to access their customers’ debt and financial data in real time, securely, and seamlessly. The company eliminates the need for traditional username and password authentication by using identity verification to collect and process financial data.
This innovative approach is particularly beneficial for lenders and fintech companies. Method’s solutions empower these organizations to offer more personalized financial products, boost user engagement, and simplify debt management.
In addition, Method supports various financial services, including credit card connections and balance transfers. The company works with over 15,000 financial institutions, ensuring its services are efficient and highly integrated to meet the needs of its users.
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