Total amount raised
$60.5 Millions
Latest funding date
01/01/2025
Location
Title
Method Financial has successfully raised $42 million in a Series B round led by Emergence Capital, following a $16 million Series A round led by Andreessen Horowitz. The platform offers seamless connectivity to consumer credit and liability accounts, enabling real-time data access and end-to-end refinance experiences.
Keep reading to explore the intricacies of Method Financial's fundraising journey and the investors backing this innovative platform.
What Is Method Financial?
Method Financial, founded in 2021, is headquartered in San Francisco. The company was established by Mit Shah and David Li, who envisioned a platform that offers seamless connectivity to consumer credit and liability accounts.
Method Financial's services include real-time data access, end-to-end refinance experiences, and one-click checkout. Their solutions enable users to connect financial accounts, access up-to-date data, and make payments effortlessly.
With a growing team of over 50 employees, Method Financial continues to innovate in the financial connectivity space, providing essential tools for both consumers and businesses.
How Much Funding Has Method Financial Raised?
- Series A Round
- Amount Raised: $16 million
- Date: January 2023
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund product development and expand the company's headcount from eight to 28 by the end of the year.
- Series B Round
- Amount Raised: $41.5 million
- Date: January 2025
- Lead Investors: Emergence Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund product growth, deepen banking relationships, and roll out credit card network integrations for retail and travel customers.
Method Financial has raised a total of $57.5 million in funding. The current valuation is not publicly disclosed.
Key Investors
- Emergence Capital
- Details: Emergence Capital is a venture capital firm that focuses on early and growth-stage enterprise software companies. They led Method Financial's $41.5 million Series B round.
- Investment Focus Areas: Enterprise software, SaaS, cloud computing
- Notable Investments: Salesforce, Zoom, Veeva Systems
- Andreessen Horowitz
- Details: Andreessen Horowitz is a prominent venture capital firm known for investing in technology companies across various stages. They led Method Financial's $16 million Series A round.
- Investment Focus Areas: Technology, software, fintech, healthcare, consumer services
- Notable Investments: Facebook, Airbnb, Lyft
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding and mentorship to early-stage startups. Method Financial is a Y Combinator graduate.
- Investment Focus Areas: Early-stage startups, technology, healthcare, fintech
- Notable Investments: Dropbox, Airbnb, Stripe
- Truist Ventures
- Details: Truist Ventures is the corporate venture arm of Truist Financial Corporation, focusing on strategic investments in fintech and technology companies. They participated in Method Financial's Series A round.
- Investment Focus Areas: Fintech, financial services, technology
- Notable Investments: Not specified
- Samsung Next
- Details: Samsung Next is the innovation arm of Samsung, investing in software and services that can integrate with Samsung's ecosystem. They participated in Method Financial's Series B round.
- Investment Focus Areas: Software, services, technology
- Notable Investments: Whisk, LiquidSky
What's Next for Method Financial?
Method Financial is poised to capitalize on the growing demand for seamless financial account connectivity and repayment functionalities in fintech apps. With over 30 million account connections and $500 million in liability repayments facilitated, the company is well-positioned to expand into credit card network integrations for retail and travel customers. This expansion presents a significant opportunity to deepen banking relationships and attract more users.
As Method Financial continues to grow, future fundraising opportunities are likely. Demonstrating successful integrations and user growth could attract additional investment, enabling further product development and market expansion. However, the company will need to navigate challenges such as handling sensitive user data, ensuring privacy and security, and competing with established vendors like Plaid and MX.
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