joseb

5 ms·

1.
by joseb 5y ago
That's a very interesting use case. We'll have to explore more the limitations of H1 payments, but this could be a way to receive "payment" by directing it to your bills / debts.
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by joseb 5y ago
That's really interesting perspective, I had no idea that's how it worked in NZ. I suppose it works seamlessly in NZ as the loans are originated by the the NZ government. Could be interesting if student loan services in the US off
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by joseb 5y ago
Ultimately it depends on the type of debt. Some people carry credit card balances with 20% APR, so in that case is much better to pay off the balance on the credit card when compared to market returns.
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by joseb 5y ago
Thanks for the support! Right now we monetize by charging a flat fee per API call, similar to API-first companies like Plaid.
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by joseb 5y ago
Awesome, I'll send you a note to your personal website email
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by joseb 5y ago
I hate that you faced the exact same issues we did. It's definitely a huge pain, especially for startups trying to innovate in the space. Our goal is to make it easier for everybody from solo developers all the way to the huge incumben
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by joseb 5y ago
We do! We just recently launched it and it's in a private beta stage. If you are interested in the beta, let me know would love to connect!
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by joseb 5y ago
They don't. Plaid is able to retrieve all the data about a debt using the user's credentials and that's about it. Most of our companies / developers use Plaid as their data source and Method as the payment rails.
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by joseb 5y ago
Definitely #1 (and #2 to an extent) is a straight forward solution. We have seen some interest in #3, but mostly due to the gratification of getting your debt paid down without you thinking about it. We are working companies that offer empl
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by joseb 5y ago
Not right now, we are focused on B2B and enabling other developers to build on top of our platform. Our goal is to build the pipes and promote new breed of debt focused fintechs. We are working with some stealth fintechs solving both of the
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by joseb 5y ago
Thanks Evan! Really appreciate the support.
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Launch HN: Method Financial (YC S19) – API to embed debt repayment into your app
47 points by joseb 5y ago|29 comments
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by joseb 5y ago
Method Financial (YC S19) | Engineering, Sales, Leadership | Full Time | Austin, TX or Remote | https://methodfi.com Method is a developer-first API that makes it easy for developers to embed debt repayment on their apps. Method