App Profile: SpenDebt

SpenDebt is a financial technology company designed to assist people to pay off debt or bills, leveraging micropayments (i.e. $1.00) through everyday transactions. As a customer spends, a predefined amount is automatically added to the transaction, then those micropayments are added up and submitted as a monthly payment. SpenDebt makes debt or bill repayment automatic and creates discipline, providing on time payments that reduce consumer’s account balance over time and improves their financial health. SpenDebt is helping to save one million families from financial fatalities every time they swipe their debit card or have a banking transaction.