Method, a startup that aims to make it simpler for FinTech developers to integrate bill pay automation, repayment, and balance transfers into their apps, has announced that it closed a USD 16 million Series A funding round, which was led by Andreessen Horowitz.
Truist Ventures, Y Combinator (Method is a Y Combinator graduate), Abstract Ventures, SV Angel, and other investors also participated. Mit Shah, a co-founder, says the additional funding will go toward product development and increasing the company’s workforce from eight to 28 by the end of the year.
After two of the company’s co-founders, Jose Bethancourt and Marco del Carmen, personally encountered the challenges of integrating debt repayment into their prior business, GradJoy, Method was founded in 2021.
Read More: Method raises $16M to power loan repayment, balance transfers and more across fintech apps
