Method, a startup that aims to make it easier for fintech developers to embed repayment, balance transfers and bill pay automation into their apps, today announced that it closed a $16 million Series A funding round led by Andreessen Horowitz with participation from Y Combinator (Method’s a Y Combinator graduate), Abstract Ventures, SV Angel and others. Co-founder Mit Shah says that the new cash will be put toward product development and growing the company’s headcount from eight people to 28 by the end of the year.
Method launched in 2021 after two of the company’s co-founders, Jose Bethancourt and Marco del Carmen, experienced firsthand the difficulties of embedding debt repayment into their previous company, GradJoy. (TechCrunch previously covered GradJoy, which sought to help students better manage their l...
