Method Financial raises $41.5m to transform financial connectivity with real-time APIs

In a strategic move that signals its growing dominance in financial technology, Method Financial has announced the successful closure of its $41.5 million Series B funding round. This investment, led by Emergence Capital, marks a pivotal moment for the company as it accelerates its efforts to redefine financial connectivity through innovative, consumer-permissioned solutions.

The funding round saw participation from major investors, including Avra, Samsung Next, and previous backers such as Andreessen Horowitz, Y Combinator, and Ardent Venture Partners. With this latest infusion of capital, Method’s total funding now stands at $60 million, enabling it to expand its influence in the fintech ecosystem and introduce cutting-edge solutions tailored to the evolving needs of consumers and businesses alike.

What Sets Method Financial Apart in Financial Connectivity?

Method Financial has established itself as a trailblazer in real-time, read-write financial data connectivity, offering a seamless, identity-driven approach that eliminates the need for traditional credentials like usernames and passwords. This credentialless solution enables lenders, fintech companies, and financial institutions to access up-to-date liability data integrated with payment rails.

The company’s Application Programming Interfaces (APIs) are revolutionizing financial management by providing secure, consumer-consented access to over 15,000 financial institutions, empowering businesses to streamline processes such as loan refinancing, underwriting, and balance transfers. By leveraging real-time data synchronization, Method Financial ensures that financial service providers can deliver personalized, frictionless experiences that boost engagement and conversion rates.

Speaking on the company’s success, Anu Hariharan, Managing Partner at Avra, remarked:

“Method’s APIs have broad applicability across industries, allowing businesses to access real-time visibility into consumer debt and enabling innovative use cases like card linking. Their solutions are reshaping how financial services operate.”

How Does Method’s Funding Enhance Credit Card Integration and Loan Refinancing?

The latest round of funding will allow Method Financial to deepen its impact across various financial verticals, particularly in credit card connectivity and loan refinancing automation. The company has already introduced Method Card Connect, a tool that streamlines credit card network integration by enabling real-time account linking for rewards programs and transaction-level data access.

This solution has gained significant traction, with over 2 million users connecting 10 million cards in seconds for programs like Bilt Rewards, allowing them to earn points on eligible purchases. This expansion underscores the versatility of Method’s APIs, which are poised to revolutionize not just lending but also retail, travel, and other consumer-focused industries.

Moreover, the funding will fuel the development of end-to-end loan refinancing automation, enabling lenders to improve offer personalization, optimize user engagement, and simplify balance transfers. With its frictionless APIs, Method is empowering businesses to enhance their financial product offerings while helping consumers reduce interest rates and fees on existing liabilities.

What Is Driving Method Financial’s Growth Trajectory?

Since its inception, Method Financial has demonstrated impressive growth, having facilitated over 30 million credential-free account connections for 4 million consumers. These connections have resulted in $500 million in liability repayments, underscoring the company’s commitment to delivering value for both consumers and businesses.

Method’s success lies in its ability to merge technological innovation with user-centric design. By eliminating traditional barriers to financial account connectivity, such as passwords and manual authentication, the company has achieved a 15-30% boost in conversion rates for its clients.

“Method is revolutionizing how consumers and businesses interact with financial data,” said Carlotta Siniscalco, Partner at Emergence Capital. “Their solutions simplify financial decision-making, enabling businesses to offer competitive products while enhancing the user experience.”

How Is Method Empowering the Fintech Ecosystem?

At the heart of Method’s mission is the desire to empower financial institutions, fintech companies, and consumers through innovative solutions. By providing real-time insights into consumer liabilities, Method enables lenders to make informed decisions that drive growth and efficiency.

Today, Method Financial powers financial solutions for over 60 clients, including prominent fintech names like SoFi, Figure, Happy Money, and Aven. These partnerships highlight Method’s ability to deliver versatile, scalable solutions that meet the unique demands of the financial industry.

Looking ahead, Method Financial aims to deepen its banking relationships, expand its footprint in credit card network integrations, and unlock new use cases that enhance digital engagement. This commitment to innovation positions Method as a key player in the fintech sector, where consumer expectations for seamless, secure financial solutions continue to rise.

The Future of Financial Connectivity

Method Financial’s $41.5 million Series B funding represents more than just a financial milestone; it is a testament to the company’s transformative impact on the fintech industry. As the demand for real-time financial data and seamless user experiences grows, Method is well-positioned to lead the charge in redefining how consumers and businesses interact with financial services.

With plans to expand its product offerings and enhance its technological capabilities, Method Financial is poised to shape the future of financial connectivity, empowering both businesses and consumers to achieve their financial goals with ease.