Method Financial has successfully closed a $41.5 million Series B funding round to fuel the growth of its cutting-edge financial connectivity platform for fintech lenders. The company specializes in providing consumer-permissioned access to liability data through APIs, enabling real-time, frictionless integration for financial institutions.
Unlike traditional methods requiring usernames and passwords, Method uses identity-based authentication paired with consumer consent, facilitating a more secure and streamlined connection process. This approach empowers fintech platforms to seamlessly integrate repayments and enhance user experiences.
With integrations spanning more than 15,000 financial institutions, Method’s API technology allows up-to-date, high-fidelity data to flow directly from users’ accounts, coupled with built-in payment rails. The platform powers over 60 lenders, including major players such as SoFi, Figure, Aven, Happy Money, and Bilt Rewards.
Since its inception, Method has created over 30 million passwordless account connections, benefiting four million consumers and facilitating liability repayments exceeding $500 million. Recent advancements include the launch of credit card connectivity, and the company plans to leverage this funding to expand use cases and deepen relationships within the banking sector.
Strategic Backing and Industry Impact
Emergence Capital led the funding round, with participation from Avra, Samsung Next, Andreessen Horowitz, Y Combinator, and Ardent Venture Partners. Carlotta Siniscalco, Partner at Emergence Capital, highlighted the company’s transformative potential:
“Method is revolutionizing financial management by providing real-time, comprehensive views of consumer debts, essential for making informed financial decisions. Their innovative solutions seamlessly integrate with financial platforms, enhancing the user experience and driving engagement.”
This significant investment reflects growing recognition of the value Method brings to both fintech providers and their end-users, strengthening its position as a key enabler of modern financial ecosystems.