Method Financial has successfully raised $41.5 million in Series B funding to expand its consumer-permissioned financial connectivity solutions. The company’s APIs provide real-time, seamless access to consumer liability data while incorporating integrated payment rails, transforming how fintech lenders interact with financial accounts.
By leveraging identity-based authentication and consumer consent, Method eliminates the need for usernames and passwords, simplifying the repayment process for fintech platforms. With integrations across more than 15,000 financial institutions, Method delivers high-fidelity data and facilitates efficient payments.
Since its inception, Method has empowered over 60 lenders, including SoFi, Figure, Aven, Happy Money, and Bilt Rewards. To date, the platform has enabled 30 million passwordless connections for four million users and facilitated $500 million in liability repayments.
The company recently introduced a credit card connectivity solution and plans to use the new funding to explore additional use cases and strengthen its relationships with banking partners.
Funding Highlights:
- Round Leader: Emergence Capital
- Participants: avra, Samsung Next, Andreessen Horowitz, Y Combinator, Ardent Venture Partners
Investor Perspective:
Carlotta Siniscalco, Partner at Emergence Capital, stated: “Method revolutionizes financial management by providing real-time, comprehensive consumer debt insights, enabling informed decision-making and enhancing user engagement through seamless platform integration.”
